Ternium S.A. (NYSE:TX) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in Ternium S.A. (NYSE:TX) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,486 shares of the basic materials company’s stock after acquiring an additional 4,348 shares during the period. Principal Financial Group Inc.’s holdings in Ternium were worth $2,975,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Aquatic Capital Management LLC raised its stake in Ternium by 28.4% in the fourth quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company’s stock valued at $63,000 after buying an additional 482 shares in the last quarter. GAMMA Investing LLC raised its stake in Ternium by 51.8% in the first quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company’s stock valued at $60,000 after buying an additional 653 shares in the last quarter. NewEdge Advisors LLC raised its stake in Ternium by 500.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,000 shares in the last quarter. Headlands Technologies LLC raised its stake in Ternium by 249.5% in the fourth quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock valued at $49,000 after buying an additional 1,200 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Ternium by 14.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company’s stock valued at $298,000 after buying an additional 1,289 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Stock Performance

NYSE TX opened at $30.40 on Friday. The company has a quick ratio of 1.76, a current ratio of 3.00 and a debt-to-equity ratio of 0.12. Ternium S.A. has a 52-week low of $24.00 and a 52-week high of $37.98. The business’s 50-day moving average price is $29.68 and its 200 day moving average price is $29.57. The firm has a market cap of $6.09 billion, a P/E ratio of -17.08 and a beta of 1.48.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, April 29th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.22. Ternium had a positive return on equity of 0.29% and a negative net margin of 2.07%. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the company posted $1.84 earnings per share. The business’s revenue was down 17.7% on a year-over-year basis. On average, equities research analysts expect that Ternium S.A. will post 4.37 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on TX. The Goldman Sachs Group dropped their price objective on Ternium from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Bank of America reaffirmed an “underperform” rating and set a $25.00 price objective on shares of Ternium in a report on Monday, April 7th. Finally, Scotiabank dropped their price objective on Ternium from $53.00 to $41.00 and set a “sector outperform” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.25.

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.