Woodline Partners LP Has $10.63 Million Stock Position in Ternium S.A. (NYSE:TX)

Woodline Partners LP boosted its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 28.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,693 shares of the basic materials company's stock after acquiring an additional 79,935 shares during the quarter. Woodline Partners LP owned 0.19% of Ternium worth $10,634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TX. R Squared Ltd bought a new stake in shares of Ternium during the fourth quarter worth approximately $88,000. Robeco Institutional Asset Management B.V. increased its holdings in Ternium by 1.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company's stock valued at $11,437,000 after buying an additional 5,000 shares during the period. Ninety One North America Inc. raised its position in shares of Ternium by 0.7% in the 4th quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company's stock valued at $25,104,000 after buying an additional 6,342 shares in the last quarter. Ninety One UK Ltd raised its position in shares of Ternium by 2.9% in the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock valued at $70,313,000 after buying an additional 68,366 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Ternium by 6.7% during the 4th quarter. Van ECK Associates Corp now owns 114,599 shares of the basic materials company's stock worth $3,333,000 after acquiring an additional 7,156 shares during the period. Institutional investors own 11.98% of the company's stock.

Wall Street Analyst Weigh In

TX has been the subject of a number of research analyst reports. UBS Group started coverage on Ternium in a report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price target for the company. The Goldman Sachs Group lowered their target price on Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, Bank of America reissued an "underperform" rating and issued a $25.00 target price on shares of Ternium in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ternium presently has a consensus rating of "Hold" and a consensus target price of $37.00.

Ternium Price Performance

TX traded up $0.65 on Tuesday, reaching $28.31. The stock had a trading volume of 57,954 shares, compared to its average volume of 239,878. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of -101.09, a price-to-earnings-growth ratio of 0.38 and a beta of 1.53. Ternium S.A. has a fifty-two week low of $24.00 and a fifty-two week high of $43.57. The firm has a 50-day moving average of $28.68 and a 200-day moving average of $29.99.

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