Sei Investments Co. Acquires 36,722 Shares of Ternium S.A. (NYSE:TX)

Sei Investments Co. boosted its holdings in shares of Ternium S.A. (NYSE:TX) by 22.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,632 shares of the basic materials company’s stock after acquiring an additional 36,722 shares during the quarter. Sei Investments Co. owned 0.10% of Ternium worth $7,646,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Donald Smith & CO. Inc. bought a new stake in Ternium in the second quarter valued at approximately $50,566,000. Allspring Global Investments Holdings LLC increased its position in shares of Ternium by 20,865.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 220,765 shares of the basic materials company’s stock worth $9,188,000 after buying an additional 219,712 shares during the period. Allianz Asset Management GmbH increased its position in shares of Ternium by 277.7% during the fourth quarter. Allianz Asset Management GmbH now owns 196,082 shares of the basic materials company’s stock worth $8,328,000 after buying an additional 144,171 shares during the period. Absolute Gestao de Investimentos Ltda. bought a new position in Ternium during the first quarter worth $5,426,000. Finally, Renaissance Technologies LLC lifted its holdings in Ternium by 43.0% in the second quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company’s stock valued at $9,710,000 after buying an additional 77,800 shares during the period. Institutional investors own 11.98% of the company’s stock.

Ternium Stock Up 1.0 %

Ternium stock opened at $37.06 on Monday. The company has a market capitalization of $7.43 billion, a PE ratio of 11.00, a PEG ratio of 0.18 and a beta of 1.76. Ternium S.A. has a 12-month low of $30.68 and a 12-month high of $44.44. The firm’s fifty day moving average is $34.27 and its 200 day moving average is $38.33. The company has a quick ratio of 1.57, a current ratio of 2.74 and a debt-to-equity ratio of 0.09.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($1.36). Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period last year, the company earned $3.19 EPS. Ternium’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, sell-side analysts predict that Ternium S.A. will post 5.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Ternium from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $52.33.

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.