TD Waterhouse Canada Inc. grew its stake in Ternium S.A. (NYSE:TX – Free Report) by 896.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,815 shares of the basic materials company’s stock after buying an additional 10,629 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Ternium were worth $653,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in TX. Lazard Asset Management LLC increased its holdings in shares of Ternium by 8.0% during the 1st quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company’s stock valued at $254,395,000 after acquiring an additional 469,846 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in shares of Ternium in the 2nd quarter valued at approximately $134,131,000. Amundi raised its stake in shares of Ternium by 19.9% in the 1st quarter. Amundi now owns 703,304 shares of the basic materials company’s stock valued at $28,238,000 after acquiring an additional 116,813 shares in the last quarter. Nykredit A S acquired a new stake in Ternium in the 2nd quarter worth approximately $14,329,000. Finally, Empowered Funds LLC lifted its holdings in Ternium by 69.4% in the 1st quarter. Empowered Funds LLC now owns 161,171 shares of the basic materials company’s stock worth $6,471,000 after purchasing an additional 66,042 shares during the last quarter. Institutional investors own 11.98% of the company’s stock.
Ternium Stock Down 6.1%
TX stock opened at $55.34 on Friday. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 0.16 and a beta of 1.17. The company has a 50-day moving average of $56.44 and a two-hundred day moving average of $49.71. Ternium S.A. has a 52-week low of $33.01 and a 52-week high of $60.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.43.
Ternium (NYSE:TX – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The basic materials company reported $1.80 EPS for the quarter. The business had revenue of $4.34 billion for the quarter. Ternium had a return on equity of 4.26% and a net margin of 4.37%. As a group, equities research analysts anticipate that Ternium S.A. will post 6.52 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have issued reports on TX. UBS Group upped their target price on Ternium from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Wall Street Zen upgraded Ternium from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. HSBC reissued a “hold” rating and issued a $55.00 price target (up from $53.00) on shares of Ternium in a research report on Friday, August 21st. JPMorgan Chase & Co. boosted their price objective on shares of Ternium from $60.50 to $67.50 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Finally, Zacks Research downgraded shares of Ternium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 13th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.72.
View Our Latest Stock Analysis on Ternium
About Ternium
Ternium SA is a steel producer serving customers primarily in the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, galvanized and pre-painted steel, hot- and cold-rolled products, steel bars, wire rod, and tubular products.
Ternium supplies industries such as construction, automotive, appliance manufacturing, energy, transportation, and agriculture. Its operations include iron ore mining, steelmaking, rolling, coating, processing, and distribution, allowing it to offer both commodity and higher-value-added steel products.
The company has industrial and commercial operations across Latin America, including Mexico, Brazil, Argentina, Colombia, and other markets in the region, as well as a presence in the United States and Central America.
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