Wellington Management Group LLP Has $6.07 Million Holdings in Ternium S.A. (NYSE:TX)

Wellington Management Group LLP lifted its holdings in shares of Ternium S.A. (NYSE:TX - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,827 shares of the basic materials company's stock after buying an additional 28,054 shares during the quarter. Wellington Management Group LLP owned about 0.11% of Ternium worth $6,073,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Donald Smith & CO. Inc. boosted its stake in Ternium by 19.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company's stock worth $87,903,000 after acquiring an additional 483,052 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Ternium by 2.9% in the fourth quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock worth $70,313,000 after purchasing an additional 68,366 shares in the last quarter. Ninety One North America Inc. boosted its holdings in Ternium by 0.7% during the fourth quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company's stock worth $25,104,000 after purchasing an additional 6,342 shares during the last quarter. Woodline Partners LP boosted its holdings in Ternium by 28.0% during the fourth quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company's stock worth $10,634,000 after purchasing an additional 79,935 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Ternium by 10.4% during the fourth quarter. Renaissance Technologies LLC now owns 304,400 shares of the basic materials company's stock worth $8,852,000 after acquiring an additional 28,700 shares in the last quarter. Institutional investors and hedge funds own 11.98% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America reaffirmed an "underperform" rating and set a $25.00 price target on shares of Ternium in a research report on Monday, April 7th. UBS Group assumed coverage on shares of Ternium in a research note on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 price target on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd.

Ternium Trading Up 1.3%

NYSE TX traded up $0.38 during trading hours on Friday, reaching $28.90. The company's stock had a trading volume of 204,805 shares, compared to its average volume of 213,974. The firm has a fifty day simple moving average of $28.08 and a 200-day simple moving average of $29.68. The stock has a market cap of $5.79 billion, a P/E ratio of -103.21, a P/E/G ratio of 0.38 and a beta of 1.48. Ternium S.A. has a 52 week low of $24.00 and a 52 week high of $39.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67.

Ternium (NYSE:TX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.22. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $4 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The firm's revenue was down 17.7% compared to the same quarter last year. During the same period last year, the company earned $1.84 earnings per share. Equities analysts forecast that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

About Ternium

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.