Wellington Management Group LLP Trims Stock Position in Ternium S.A. $TX

Wellington Management Group LLP trimmed its position in Ternium S.A. (NYSE:TX - Free Report) by 88.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,859 shares of the basic materials company's stock after selling 183,968 shares during the quarter. Wellington Management Group LLP's holdings in Ternium were worth $775,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TX. PointState Capital LP acquired a new stake in shares of Ternium in the 4th quarter valued at $4,112,000. Cape Ann Asset Management Ltd raised its holdings in shares of Ternium by 15.0% in the 1st quarter. Cape Ann Asset Management Ltd now owns 871,685 shares of the basic materials company's stock valued at $27,162,000 after purchasing an additional 113,536 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Ternium by 28.0% in the 4th quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company's stock valued at $10,634,000 after purchasing an additional 79,935 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Ternium by 2.5% in the 1st quarter. Donald Smith & CO. Inc. now owns 3,099,790 shares of the basic materials company's stock valued at $96,589,000 after purchasing an additional 76,987 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Ternium by 4,630.9% in the 1st quarter. GAMMA Investing LLC now owns 59,609 shares of the basic materials company's stock valued at $1,913,000 after purchasing an additional 58,349 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TX. Wall Street Zen upgraded shares of Ternium from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Wells Fargo & Company upgraded shares of Ternium to a "strong sell" rating in a research note on Thursday, August 14th. Scotiabank cut their price target on shares of Ternium from $41.00 to $40.00 and set a "sector outperform" rating on the stock in a research note on Wednesday. Finally, Morgan Stanley lowered shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price target on the stock. in a research note on Monday, July 21st. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $32.67.

Ternium Stock Performance

Shares of Ternium stock traded up $0.08 on Thursday, reaching $33.85. 110,504 shares of the stock were exchanged, compared to its average volume of 227,014. Ternium S.A. has a 1-year low of $24.00 and a 1-year high of $37.98. The company has a current ratio of 2.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average price of $31.96 and a two-hundred day moving average price of $30.20. The firm has a market capitalization of $6.79 billion, a PE ratio of 11.17 and a beta of 1.47.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The basic materials company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.62. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.19 billion. Ternium had a net margin of 3.66% and a return on equity of 1.95%. The firm's revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. As a group, research analysts anticipate that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Profile

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.