Ternium S.A. $TX Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in shares of Ternium S.A. (NYSE:TX) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,868 shares of the basic materials company’s stock after selling 17,886 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ternium were worth $3,006,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Ternium by 51.8% in the 1st quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 653 shares during the period. Brooklyn Investment Group increased its position in shares of Ternium by 201,700.0% in the 1st quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 2,017 shares during the period. Arrow Investment Advisors LLC purchased a new stake in Ternium in the second quarter valued at $221,000. Cetera Investment Advisers boosted its holdings in Ternium by 10.1% in the first quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 890 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in Ternium by 60.4% in the first quarter. Vident Advisory LLC now owns 12,276 shares of the basic materials company’s stock valued at $383,000 after purchasing an additional 4,624 shares during the last quarter. 11.98% of the stock is owned by institutional investors and hedge funds.

Ternium Price Performance

Shares of TX opened at $35.39 on Thursday. Ternium S.A. has a 1-year low of $24.00 and a 1-year high of $37.98. The stock has a market cap of $7.10 billion, a PE ratio of 11.68 and a beta of 1.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 1.59. The firm has a fifty day moving average price of $33.25 and a 200 day moving average price of $30.79.

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

Analysts Set New Price Targets

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