Alps Advisors Inc. decreased its position in shares of Ternium S.A. (NYSE:TX) by 12.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,258 shares of the basic materials company’s stock after selling 4,150 shares during the quarter. Alps Advisors Inc.’s holdings in Ternium were worth $936,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in TX. Boston Partners lifted its holdings in shares of Ternium by 2,791.3% during the second quarter. Boston Partners now owns 2,408,523 shares of the basic materials company’s stock worth $67,655,000 after purchasing an additional 2,325,221 shares during the period. Acadian Asset Management LLC lifted its holdings in 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 valued at $188,048,000 after acquiring an additional 661,707 shares during the period. JPMorgan Chase & Co. lifted its holdings in Ternium by 174.2% in the second quarter. JPMorgan Chase & Co. now owns 906,696 shares of the basic materials company’s stock valued at $25,469,000 after acquiring an additional 576,021 shares during the period. TT International lifted its holdings in Ternium by 50.9% in the second quarter. TT International now owns 869,423 shares of the basic materials company’s stock valued at $24,422,000 after acquiring an additional 293,260 shares during the period. Finally, Dupont Capital Management Corp lifted its holdings in Ternium by 83.9% in the second quarter. Dupont Capital Management Corp now owns 487,384 shares of the basic materials company’s stock valued at $13,691,000 after acquiring an additional 222,332 shares during the period. 19.10% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Ternium from a “hold” rating to a “strong sell” rating in a report on Saturday, November 4th. Credit Suisse Group reissued a “hold” rating and issued a $24.00 price target on shares of Ternium in a report on Thursday, August 3rd. BidaskClub downgraded Ternium from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $35.00 price target (up from $33.00) on shares of Ternium in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Ternium has an average rating of “Hold” and an average target price of $30.50.
Shares of Ternium S.A. (TX) opened at $28.29 on Tuesday. The company has a market capitalization of $5,677.42, a P/E ratio of 6.76 and a beta of 1.12. Ternium S.A. has a 12-month low of $21.62 and a 12-month high of $33.39. 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 (NYSE:TX) last posted its quarterly earnings data 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 during 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 business’s revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. sell-side analysts anticipate that Ternium S.A. will post 3.98 EPS for the current fiscal year.
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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