Ternium S.A. $TX Position Lifted by Cape Ann Asset Management Ltd

Cape Ann Asset Management Ltd grew its holdings in shares of Ternium S.A. (NYSE:TX) by 20.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,068,649 shares of the basic materials company’s stock after purchasing an additional 182,000 shares during the quarter. Ternium makes up about 11.1% of Cape Ann Asset Management Ltd’s investment portfolio, making the stock its 4th biggest position. Cape Ann Asset Management Ltd owned 0.53% of Ternium worth $40,812,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Lazard Asset Management LLC raised its position in shares of Ternium by 8.5% in the 3rd quarter. Lazard Asset Management LLC now owns 5,813,570 shares of the basic materials company’s stock worth $201,905,000 after buying an additional 454,798 shares during the period. Millennium Management LLC raised its position in Ternium by 569.4% in the first quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock valued at $3,952,000 after purchasing an additional 107,880 shares during the period. Schroder Investment Management Group raised its position in Ternium by 4.7% in the third quarter. Schroder Investment Management Group now owns 2,279,273 shares of the basic materials company’s stock valued at $79,159,000 after purchasing an additional 101,748 shares during the period. Donald Smith & CO. Inc. raised its position in Ternium by 1.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company’s stock valued at $145,452,000 after purchasing an additional 66,062 shares during the period. Finally, Amundi raised its position in Ternium by 10.5% in the third quarter. Amundi now owns 562,913 shares of the basic materials company’s stock valued at $20,327,000 after purchasing an additional 53,645 shares during the period. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Trading Up 1.8%

NYSE TX opened at $49.51 on Friday. Ternium S.A. has a twelve month low of $28.56 and a twelve month high of $51.73. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.63. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 0.19 and a beta of 1.28. The firm’s 50 day moving average price is $44.98 and its two-hundred day moving average price is $41.94.

Ternium (NYSE:TX) last posted its quarterly earnings data on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. The firm had revenue of $3.93 billion for the quarter. Equities analysts anticipate that Ternium S.A. will post 4.73 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on TX shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Ternium in a research report on Wednesday, May 20th. 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. Wall Street Zen upgraded Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Bradesco Corretora upgraded Ternium to an “outperform” rating and set a $62.00 target price for the company in a research note on Tuesday, May 19th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $57.00 target price on shares of Ternium in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.35.

Ternium 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.