International Assets Investment Management LLC Purchases New Stake in Ternium S.A. (NYSE:TX)

International Assets Investment Management LLC purchased a new position in Ternium S.A. (NYSE:TX) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 36,652 shares of the basic materials company’s stock, valued at approximately $1,353,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TX. GAMMA Investing LLC grew its position in Ternium by 72.1% in the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $34,000 after buying an additional 385 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Ternium by 2.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,751 shares of the basic materials company’s stock worth $1,699,000 after purchasing an additional 1,067 shares during the period. Blue Trust Inc. lifted its stake in Ternium by 3,152.3% in the 2nd quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 1,387 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Ternium by 5.0% during the 2nd quarter. Inspire Investing LLC now owns 38,136 shares of the basic materials company’s stock valued at $1,432,000 after buying an additional 1,816 shares during the period. Finally, QRG Capital Management Inc. increased its position in Ternium by 28.9% in the 2nd quarter. QRG Capital Management Inc. now owns 9,110 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 2,045 shares during the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Trading Up 0.1 %

TX opened at $34.25 on Tuesday. The firm has a 50-day moving average price of $34.79 and a two-hundred day moving average price of $37.24. The stock has a market capitalization of $6.72 billion, a PE ratio of -9.70, a PEG ratio of 0.20 and a beta of 1.77. Ternium S.A. has a 1-year low of $30.68 and a 1-year high of $44.44. The company has a current ratio of 2.74, a quick ratio of 1.57 and a debt-to-equity ratio of 0.09.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Ternium from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.33.

Ternium Profile

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.