Boston Partners lowered its stake in shares of Ternium S.A. (NYSE:TX) by 11.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,133,074 shares of the basic materials company’s stock after selling 275,449 shares during the period. Boston Partners owned 1.09% of Ternium worth $65,975,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Ternium by 174.2% during the second quarter. JPMorgan Chase & Co. now owns 906,696 shares of the basic materials company’s stock worth $25,469,000 after acquiring an additional 576,021 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Ternium by 7.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 93,984 shares of the basic materials company’s stock worth $2,641,000 after buying an additional 6,830 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Ternium by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 387,485 shares of the basic materials company’s stock worth $10,121,000 after buying an additional 45,585 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Ternium by 647.4% in the second quarter. Canada Pension Plan Investment Board now owns 56,805 shares of the basic materials company’s stock worth $1,596,000 after buying an additional 49,205 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Ternium by 11.0% in the second quarter. Acadian Asset Management LLC now owns 6,694,437 shares of the basic materials company’s stock worth $188,048,000 after buying an additional 661,707 shares in the last quarter. Hedge funds and other institutional investors own 19.20% of the company’s stock.
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A number of brokerages recently issued reports on TX. BidaskClub downgraded Ternium from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded Ternium from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Credit Suisse Group reiterated a “hold” rating and issued a $24.00 price objective on shares of Ternium in a research report on Thursday, August 3rd. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $35.00 price objective (up previously from $33.00) on shares of Ternium in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $30.50.
Ternium S.A. (NYSE TX) opened at $28.32 on Friday. The company has a market capitalization of $5,677.42, a price-to-earnings ratio of 6.76, a P/E/G ratio of 0.39 and a beta of 1.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.68. Ternium S.A. has a 12 month low of $21.62 and a 12 month high of $33.39.
Ternium (NYSE:TX) last released its earnings results on Tuesday, October 31st. The basic materials company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.33. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Ternium had a return on equity of 15.49% and a net margin of 9.86%. The firm’s revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 earnings per share. equities analysts forecast that Ternium S.A. will post 3.98 EPS for the current year.
Ternium Company Profile
Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
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