First Trust Advisors LP increased its position in shares of Ternium SA (NYSE:TX) by 5.3% during the second quarter, Holdings Channel reports. The firm owned 35,234 shares of the company’s stock after buying an additional 1,763 shares during the period. First Trust Advisors LP’s holdings in Ternium SA were worth $672,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP boosted its stake in Ternium SA by 22.5% in the second quarter. Quantbot Technologies LP now owns 6,298 shares of the company’s stock worth $120,000 after buying an additional 1,158 shares during the last quarter. Smith Asset Management Group LP acquired a new stake in Ternium SA during the second quarter worth about $198,000. World Asset Management Inc boosted its stake in Ternium SA by 7.5% in the second quarter. World Asset Management Inc now owns 12,479 shares of the company’s stock worth $238,000 after buying an additional 870 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Ternium SA during the second quarter worth about $330,000. Finally, Dorsey Wright & Associates acquired a new stake in Ternium SA during the second quarter worth about $342,000. 21.35% of the stock is owned by institutional investors.
Ternium SA (NYSE:TX) traded up 1.93% during midday trading on Monday, hitting $19.51. The stock had a trading volume of 50,647 shares. The stock has a market capitalization of $3.83 billion, a PE ratio of 26.05 and a beta of 1.56. Ternium SA has a 1-year low of $10.28 and a 1-year high of $23.60. The stock’s 50-day moving average is $19.87 and its 200-day moving average is $19.72.
Ternium SA (NYSE:TX) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.14. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $2.01 billion. Ternium SA had a return on equity of 7.24% and a net margin of 2.42%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 earnings per share. On average, equities research analysts anticipate that Ternium SA will post $2.54 EPS for the current fiscal year.
A number of research firms recently issued reports on TX. TheStreet raised Ternium SA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Zacks Investment Research cut shares of Ternium SA from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Ternium SA from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, July 7th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $21.00 price target on shares of Ternium SA in a research note on Tuesday, September 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $22.68.
About Ternium SA
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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