Dynamic Technology Lab Private Ltd acquired a new stake in Ternium SA (NYSE:TX) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 22,174 shares of the company’s stock, valued at approximately $422,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TX. Principal Financial Group Inc. bought a new stake in Ternium SA during the second quarter valued at $9,033,000. AJO LP increased its stake in Ternium SA by 73.1% in the second quarter. AJO LP now owns 263,329 shares of the company’s stock valued at $5,019,000 after buying an additional 111,247 shares in the last quarter. First Trust Advisors LP increased its stake in Ternium SA by 5.3% in the second quarter. First Trust Advisors LP now owns 35,234 shares of the company’s stock valued at $672,000 after buying an additional 1,763 shares in the last quarter. GSA Capital Partners LLP increased its stake in Ternium SA by 11.4% in the second quarter. GSA Capital Partners LLP now owns 100,809 shares of the company’s stock valued at $1,921,000 after buying an additional 10,300 shares in the last quarter. Finally, Lombardia Capital Partners LLC increased its stake in Ternium SA by 1.2% in the second quarter. Lombardia Capital Partners LLC now owns 185,434 shares of the company’s stock valued at $3,534,000 after buying an additional 2,252 shares in the last quarter.
Shares of Ternium SA (NYSE:TX) opened at 19.75 on Thursday. The stock has a market capitalization of $3.88 billion, a P/E ratio of 26.37 and a beta of 1.59. The company’s 50-day moving average is $20.95 and its 200-day moving average is $19.58. Ternium SA has a one year low of $10.28 and a one year high of $23.60.
Ternium SA (NYSE:TX) last issued its earnings results on Tuesday, August 2nd. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.14. The firm earned $1.86 billion during the quarter, compared to analyst estimates of $2.01 billion. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. On average, equities research analysts anticipate that Ternium SA will post $2.53 earnings per share for the current year.
Several research firms have recently commented on TX. Zacks Investment Research raised shares of Ternium SA from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Saturday, August 6th. TheStreet raised shares of Ternium SA from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ternium SA from $27.00 to $29.50 and gave the company an “overweight” rating in a report on Friday, August 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.02.
Ternium SA Company Profile
Ternium SA is a steel producer in Latin America. The Company manufactures and processes a range of steel products, including galvanized and electro-galvanized sheets, pre-painted sheets, tinplate, welded pipes, hot-rolled flat products, cold-rolled products, bars and wire rods, as well as slitted and cut-to-length offerings through its service centers.
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