36,984 Shares in Ternium SA (TX) Purchased by KAMES CAPITAL plc

KAMES CAPITAL plc purchased a new position in shares of Ternium SA (NYSE:TX) during the fourth quarter, Holdings Channel reports. The firm purchased 36,984 shares of the basic materials company’s stock, valued at approximately $1,168,000.

Other institutional investors have also recently modified their holdings of the company. Advisor Group Inc. increased its stake in shares of Ternium by 141.1% during the second quarter. Advisor Group Inc. now owns 4,067 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 2,380 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Ternium during the second quarter worth about $204,000. Stevens Capital Management LP acquired a new position in shares of Ternium during the third quarter worth about $238,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Ternium during the third quarter worth about $271,000. Finally, Trexquant Investment LP acquired a new position in shares of Ternium during the third quarter worth about $317,000. Institutional investors and hedge funds own 19.26% of the company’s stock.

Ternium SA (NYSE:TX) opened at $34.37 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Ternium SA has a 1 year low of $22.17 and a 1 year high of $34.46. The firm has a market cap of $6,713.88, a PE ratio of 8.20 and a beta of 1.09.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.33. Ternium had a net margin of 9.86% and a return on equity of 15.49%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. equities analysts anticipate that Ternium SA will post 3.98 EPS for the current fiscal year.

Several brokerages have weighed in on TX. ValuEngine upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Ternium from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Saturday, January 6th. Morgan Stanley upgraded shares of Ternium from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 6th. Finally, Santander upgraded shares of Ternium from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Ternium currently has an average rating of “Buy” and a consensus target price of $31.10.

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About Ternium

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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