XTX Topco Ltd Purchases Shares of 22,561 Ternium S.A. (NYSE:TX)

Key Points

• XTX Topco Ltd has purchased 22,561 shares of Ternium S.A., valued at approximately $703,000, as disclosed in a Form 13F filing.
• Despite the acquisition, Ternium's stock has recently seen a decline of 3.9%, with opening shares at $30.71 and an average target price set at $33.40 by analysts.
• In its latest earnings report, Ternium reported an EPS of $1.28, significantly beating the consensus estimate of $0.66, although its quarterly revenue fell 12.6% year-over-year.

XTX Topco Ltd acquired a new position in shares of Ternium S.A. (NYSE:TX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,561 shares of the basic materials company's stock, valued at approximately $703,000.

Several other large investors also recently added to or reduced their stakes in TX. Cape Ann Asset Management Ltd boosted its holdings in shares of Ternium by 15.0% in the first 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 during the period. Woodline Partners LP grew its position in Ternium by 28.0% during the 4th 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 period. Renaissance Technologies LLC grew its position in Ternium by 10.4% during the 4th quarter. Renaissance Technologies LLC now owns 304,400 shares of the basic materials company's stock worth $8,852,000 after purchasing an additional 28,700 shares during the period. Wellington Management Group LLP boosted its stake in shares of Ternium by 15.5% during the 4th quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company's stock worth $6,073,000 after acquiring an additional 28,054 shares in the last quarter. Finally, PointState Capital LP purchased a new position in Ternium in the 4th quarter valued at about $4,112,000. 11.98% of the stock is owned by institutional investors.

Ternium Stock Down 3.9%

Shares of TX opened at $30.71 on Tuesday. The firm has a market cap of $6.16 billion, a PE ratio of 10.13 and a beta of 1.53. The company's fifty day moving average is $30.47 and its two-hundred day moving average is $29.78. Ternium S.A. has a fifty-two week low of $24.00 and a fifty-two week high of $37.98. The company has a quick ratio of 1.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS. Analysts forecast that Ternium S.A. will post 4.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TX shares. Bank of America reissued an "underperform" rating and issued a $25.00 target price on shares of Ternium in a research note on Monday, April 7th. Morgan Stanley downgraded shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price target for the company. in a research note on Monday, July 21st. Finally, Scotiabank reduced their price target on shares of Ternium from $53.00 to $41.00 and set a "sector outperform" rating for the company in a research report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $33.40.

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.

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