Militia Capital Management LLC Invests $1.49 Million in Ternium S.A. $TX

Militia Capital Management LLC bought a new stake in Ternium S.A. (NYSE:TX) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 37,000 shares of the basic materials company’s stock, valued at approximately $1,486,000.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Ternium by 31.5% during the first quarter. Royal Bank of Canada now owns 26,965 shares of the basic materials company’s stock valued at $840,000 after acquiring an additional 6,453 shares during the period. Millennium Management LLC lifted its position in shares of Ternium by 569.4% in the 1st quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock worth $3,952,000 after acquiring an additional 107,880 shares during the period. Invesco Ltd. grew its holdings in shares of Ternium by 58.4% during the 2nd quarter. Invesco Ltd. now owns 22,257 shares of the basic materials company’s stock worth $670,000 after purchasing an additional 8,204 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Ternium during the 2nd quarter worth approximately $214,000. Finally, Militia Capital Partners LP increased its position in shares of Ternium by 16.1% during the second quarter. Militia Capital Partners LP now owns 36,084 shares of the basic materials company’s stock valued at $1,086,000 after purchasing an additional 5,000 shares during the period. 11.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TX has been the subject of a number of recent research reports. Bank of America upgraded Ternium from a “neutral” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday, April 13th. Bradesco Corretora raised shares of Ternium to an “outperform” rating and set a $62.00 price target on the stock in a report on Tuesday, May 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Ternium in a research note on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating and issued a $57.00 price objective on shares of Ternium in a research note on Friday, May 22nd. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $40.00 price objective on shares of Ternium in a report on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.94.

Ternium Trading Up 3.2%

TX stock opened at $46.27 on Thursday. Ternium S.A. has a 1-year low of $30.44 and a 1-year high of $51.73. The company has a current ratio of 2.63, a quick ratio of 1.53 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $45.85 and its 200-day moving average is $43.33. The firm has a market cap of $9.27 billion, a P/E ratio of 15.90, a P/E/G ratio of 0.16 and a beta of 1.29.

Ternium (NYSE:TX) last posted its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. The business had revenue of $3.93 billion during the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%. Equities analysts anticipate that Ternium S.A. will post 5.71 earnings per share for the current fiscal year.

Ternium Company Profile

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.