Ternium SA (TX) Stake Boosted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of Ternium SA (NYSE:TX) by 64.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,526 shares of the basic materials company’s stock after acquiring an additional 12,750 shares during the period. Commonwealth Equity Services LLC’s holdings in Ternium were worth $985,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of Ternium during the 2nd quarter worth about $4,319,000. Eqis Capital Management Inc. purchased a new stake in shares of Ternium during the 2nd quarter worth about $492,000. First Quadrant L P CA purchased a new stake in shares of Ternium during the 2nd quarter worth about $188,000. Aperio Group LLC raised its stake in shares of Ternium by 23.3% during the 2nd quarter. Aperio Group LLC now owns 16,020 shares of the basic materials company’s stock worth $558,000 after purchasing an additional 3,032 shares in the last quarter. Finally, Smith Asset Management Group LP raised its stake in shares of Ternium by 15.3% during the 2nd quarter. Smith Asset Management Group LP now owns 41,166 shares of the basic materials company’s stock worth $1,433,000 after purchasing an additional 5,450 shares in the last quarter. 17.76% of the stock is owned by hedge funds and other institutional investors.

TX opened at $29.02 on Friday. Ternium SA has a fifty-two week low of $25.52 and a fifty-two week high of $42.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.01 and a quick ratio of 0.86. The stock has a market cap of $5.81 billion, a PE ratio of 6.43, a PEG ratio of 0.53 and a beta of 0.91.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $2.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.89. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $3.04 billion. Ternium had a return on equity of 21.81% and a net margin of 11.58%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 EPS. On average, research analysts forecast that Ternium SA will post 6.89 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Bank of America reaffirmed an “underperform” rating and set a $32.00 price target on shares of Ternium in a research note on Thursday, August 16th. ValuEngine raised Ternium from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, Zacks Investment Research downgraded Ternium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.67.

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Ternium Company Profile

Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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