Edinburgh Partners Ltd held its stake in Ternium S.A. (NYSE:TX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,400 shares of the basic materials company’s stock at the end of the second quarter. Ternium makes up 0.1% of Edinburgh Partners Ltd’s holdings, making the stock its 11th largest position. Edinburgh Partners Ltd’s holdings in Ternium were worth $292,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of TX. Nordea Investment Management AB increased its stake in Ternium by 43.5% in the first quarter. Nordea Investment Management AB now owns 47,463 shares of the basic materials company’s stock worth $1,240,000 after buying an additional 14,378 shares during the period. Acadian Asset Management LLC increased its stake 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 valued at $188,048,000 after buying an additional 661,707 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Ternium during the first quarter valued at approximately $232,000. O Shaughnessy Asset Management LLC increased its stake in shares of Ternium by 3.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 20,062 shares of the basic materials company’s stock valued at $524,000 after buying an additional 689 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Ternium by 12.5% in the first quarter. Morgan Stanley now owns 259,769 shares of the basic materials company’s stock valued at $6,786,000 after buying an additional 28,859 shares during the last quarter. 22.48% of the stock is owned by institutional investors and hedge funds.
Shares of Ternium S.A. (TX) opened at 28.75 on Friday. The company has a market cap of $5.64 billion, a P/E ratio of 6.58 and a beta of 1.07. The stock’s 50 day moving average is $29.52 and its 200 day moving average is $26.40. Ternium S.A. has a 12 month low of $18.29 and a 12 month high of $32.14.
Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.14. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.13 billion. Ternium had a net margin of 11.05% and a return on equity of 16.61%. Ternium’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. On average, analysts anticipate that Ternium S.A. will post $3.78 EPS for the current fiscal year.
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TX has been the subject of several recent analyst reports. BidaskClub downgraded shares of Ternium from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Credit Suisse Group reaffirmed a “hold” rating and issued a $24.00 target price on shares of Ternium in a research note on Thursday, August 3rd. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $35.00 target price (up previously from $33.00) on shares of Ternium in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.50.
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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