Woodline Partners LP Acquires 79,935 Shares of Ternium S.A. (NYSE:TX)

Woodline Partners LP lifted its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 28.0% during the fourth quarter, according to the company in 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 purchasing an additional 79,935 shares during the period. Woodline Partners LP owned about 0.19% of Ternium worth $10,634,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of Ternium by 500.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company's stock worth $35,000 after buying an additional 1,000 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Ternium during the fourth quarter valued at $54,000. Headlands Technologies LLC increased its stake in Ternium by 249.5% during the fourth quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 1,200 shares during the last quarter. Aquatic Capital Management LLC increased its stake in Ternium by 28.4% during the fourth quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company's stock valued at $63,000 after purchasing an additional 482 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Ternium during the fourth quarter valued at $88,000. 11.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TX. The Goldman Sachs Group cut their price target on shares of Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Bank of America restated an "underperform" rating and set a $25.00 price objective on shares of Ternium in a report on Monday, April 7th. Finally, UBS Group began coverage on Ternium in a report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $37.00.

Ternium Stock Down 0.4%

NYSE:TX traded down $0.11 during mid-day trading on Wednesday, reaching $28.18. The stock had a trading volume of 34,035 shares, compared to its average volume of 238,112. The business's 50 day moving average is $28.59 and its 200 day moving average is $29.98. Ternium S.A. has a fifty-two week low of $24.00 and a fifty-two week high of $43.57. The stock has a market cap of $5.65 billion, a P/E ratio of -100.62, a PEG ratio of 0.38 and a beta of 1.53. 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 released its quarterly earnings data on Tuesday, April 29th. The basic materials company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.22. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. The firm's revenue was down 17.7% on a year-over-year basis. As a group, sell-side analysts predict that Ternium S.A. will post 4.37 earnings per share for the current 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.