Ternium S.A. $TX Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its stake in shares of Ternium S.A. (NYSE:TX) by 64.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,115 shares of the basic materials company’s stock after purchasing an additional 22,823 shares during the quarter. Allianz Asset Management GmbH’s holdings in Ternium were worth $2,018,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada grew its stake in Ternium by 31.5% during the 1st quarter. Royal Bank of Canada now owns 26,965 shares of the basic materials company’s stock worth $840,000 after buying an additional 6,453 shares during the last quarter. Millennium Management LLC lifted its stake in Ternium by 569.4% in the first quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock valued at $3,952,000 after buying an additional 107,880 shares during the last quarter. Aberdeen Group plc acquired a new position in shares of Ternium during the second quarter valued at $258,000. Hantz Financial Services Inc. grew its position in shares of Ternium by 1,361.0% during the second quarter. Hantz Financial Services Inc. now owns 6,998 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 6,519 shares during the last quarter. Finally, Empirical Finance LLC acquired a new stake in shares of Ternium in the 2nd quarter worth about $1,849,000. Institutional investors own 11.98% of the company’s stock.

Ternium Stock Performance

Shares of TX opened at $44.67 on Friday. The company has a 50-day moving average of $40.66 and a two-hundred day moving average of $36.80. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 15.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 1.42. Ternium S.A. has a one year low of $24.00 and a one year high of $45.57.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group boosted their target price on shares of Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday, December 15th. Wall Street Zen cut Ternium from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. HSBC set a $41.00 price objective on Ternium and gave the stock a “buy” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ternium in a research note on Wednesday, January 21st. Finally, Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Ternium has a consensus rating of “Hold” and an average target price of $36.06.

About Ternium

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.