Nykredit A S Invests $14.33 Million in Ternium S.A. $TX

Nykredit A S purchased a new stake in shares of Ternium S.A. (NYSE:TX) during the second quarter, Holdings Channel reports. The institutional investor purchased 335,576 shares of the basic materials company’s stock, valued at approximately $14,329,000.

Several other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP acquired a new stake in Ternium during the 2nd quarter worth about $5,704,000. Donald Smith & CO. Inc. acquired a new position in shares of Ternium in the 2nd quarter valued at about $134,131,000. Oldfield Partners LLP increased its holdings in shares of Ternium by 11.3% in the 2nd quarter. Oldfield Partners LLP now owns 26,161 shares of the basic materials company’s stock valued at $1,117,000 after purchasing an additional 2,666 shares during the period. GAMMA Investing LLC lifted its position in shares of Ternium by 18.0% in the second quarter. GAMMA Investing LLC now owns 2,166 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 331 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Ternium by 69.4% in the first 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 in the last quarter. 11.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TX. Wall Street Zen raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Itau BBA Securities upgraded shares of Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a report on Sunday, May 24th. JPMorgan Chase & Co. upped their price target on shares of Ternium from $60.50 to $67.50 and gave the stock an “overweight” rating in a research note on Friday. HSBC reiterated a “hold” rating and set a $55.00 price objective (up from $53.00) on shares of Ternium in a report on Friday, August 21st. Finally, Bradesco Corretora raised Ternium to an “outperform” rating and set a $62.00 price objective for the company in a research report on Tuesday, May 19th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ternium currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Ternium Stock Performance

TX stock opened at $58.02 on Friday. The firm has a 50 day moving average of $49.74 and a two-hundred day moving average of $45.73. Ternium S.A. has a 12 month low of $33.01 and a 12 month high of $58.50. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 0.18 and a beta of 1.25. The company has a quick ratio of 1.43, a current ratio of 2.58 and a debt-to-equity ratio of 0.14.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. The business had revenue of $4.34 billion for the quarter. As a group, equities analysts anticipate that Ternium S.A. will post 6.07 EPS 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.