Ternium S.A. $TX Shares Purchased by Amundi

Amundi raised its holdings in Ternium S.A. (NYSE:TX) by 3.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 490,076 shares of the basic materials company’s stock after acquiring an additional 16,006 shares during the period. Amundi owned 0.24% of Ternium worth $14,550,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in shares of Ternium by 51.8% during the first quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 653 shares during the last quarter. Brooklyn Investment Group boosted its stake in Ternium by 201,700.0% in the 1st quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company’s stock worth $63,000 after buying an additional 2,017 shares during the last quarter. Cetera Investment Advisers grew its holdings in Ternium by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company’s stock valued at $301,000 after buying an additional 890 shares during the period. Vident Advisory LLC increased its stake in shares of Ternium by 60.4% during the 1st quarter. Vident Advisory LLC now owns 12,276 shares of the basic materials company’s stock valued at $383,000 after acquiring an additional 4,624 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Ternium during the 1st quarter valued at about $441,000. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Price Performance

Ternium stock opened at $33.66 on Wednesday. The firm has a fifty day moving average of $32.24 and a 200-day moving average of $30.31. Ternium S.A. has a 52-week low of $24.00 and a 52-week high of $37.98. The company has a quick ratio of 1.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $6.75 billion, a P/E ratio of 11.11 and a beta of 1.47.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.62. Ternium had a net margin of 3.66% and a return on equity of 1.95%. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.19 billion. During the same period in the prior year, the company earned ($0.11) EPS. The firm’s revenue was down 12.6% on a year-over-year basis. As a group, analysts predict that Ternium S.A. will post 4.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Scotiabank decreased their target price on shares of Ternium from $41.00 to $40.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, September 3rd. Wall Street Zen upgraded shares of Ternium from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Wells Fargo & Company upgraded Ternium to a “strong sell” rating in a report on Thursday, August 14th. Finally, Morgan Stanley lowered Ternium from an “overweight” rating to an “equal weight” rating and set a $34.00 target price on the stock. in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.67.

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.