Ternium S.A. (TX) Position Maintained by Legal & General Group Plc

Legal & General Group Plc held its stake in shares of Ternium S.A. (NYSE:TX) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,000 shares of the basic materials company’s stock at the close of the 2nd quarter. Legal & General Group Plc’s holdings in Ternium were worth $197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TX. Boston Partners raised its position in Ternium by 2,791.3% in the 2nd quarter. Boston Partners now owns 2,408,523 shares of the basic materials company’s stock worth $67,655,000 after purchasing an additional 2,325,221 shares during the period. Acadian Asset Management LLC raised its position in Ternium by 11.0% in the 2nd quarter. Acadian Asset Management LLC now owns 6,694,437 shares of the basic materials company’s stock worth $188,048,000 after purchasing an additional 661,707 shares during the period. Dupont Capital Management Corp raised its position in Ternium by 83.9% in the 2nd quarter. Dupont Capital Management Corp now owns 487,384 shares of the basic materials company’s stock worth $13,691,000 after purchasing an additional 222,332 shares during the period. OppenheimerFunds Inc. purchased a new stake in Ternium in the 1st quarter worth about $3,134,000. Finally, Victory Capital Management Inc. raised its position in Ternium by 3,535.4% in the 1st quarter. Victory Capital Management Inc. now owns 93,247 shares of the basic materials company’s stock worth $2,436,000 after purchasing an additional 90,682 shares during the period. Hedge funds and other institutional investors own 19.82% of the company’s stock.

TX has been the topic of a number of recent analyst reports. BidaskClub raised shares of Ternium from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research lowered shares of Ternium from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Credit Suisse Group reissued a “hold” rating and issued a $24.00 price objective on shares of Ternium in a research report on Thursday, August 3rd. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $35.00 price objective (up from $33.00) on shares of Ternium in a research report on Friday, July 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Ternium currently has a consensus rating of “Buy” and a consensus target price of $30.50.

Ternium S.A. (NYSE:TX) opened at 31.15 on Friday. Ternium S.A. has a 52 week low of $19.81 and a 52 week high of $32.83. The company has a market capitalization of $6.11 billion, a P/E ratio of 7.12 and a beta of 1.08. The firm has a 50-day moving average of $31.07 and a 200-day moving average of $28.03.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.13 billion. Ternium had a net margin of 11.05% and a return on equity of 16.61%. The business’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. Analysts anticipate that Ternium S.A. will post $4.08 EPS for the current fiscal year.

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About Ternium

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

Institutional Ownership by Quarter for Ternium (NYSE:TX)

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