Ninety One UK Ltd Buys 68,366 Shares of Ternium S.A. (NYSE:TX)

Ninety One UK Ltd increased its position in Ternium S.A. (NYSE:TX - Free Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,417,909 shares of the basic materials company's stock after buying an additional 68,366 shares during the quarter. Ninety One UK Ltd owned 1.23% of Ternium worth $70,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in TX. GAMMA Investing LLC boosted its holdings in Ternium by 72.1% in the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 385 shares during the last quarter. R Squared Ltd acquired a new position in Ternium during the 4th quarter worth approximately $88,000. Blue Trust Inc. raised its holdings in Ternium by 216.9% during the third quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company's stock worth $170,000 after buying an additional 3,104 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Ternium during the third quarter worth about $242,000. Finally, Verition Fund Management LLC bought a new position in Ternium in the 3rd quarter valued at about $244,000. Institutional investors own 11.98% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Ternium from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th.

Ternium Trading Down 3.1 %

NYSE TX traded down $0.94 during trading on Wednesday, hitting $29.50. 387,320 shares of the company's stock traded hands, compared to its average volume of 225,710. The firm has a market cap of $5.79 billion, a P/E ratio of 73.75, a PEG ratio of 0.34 and a beta of 1.76. The stock has a fifty day moving average of $30.04 and a two-hundred day moving average of $33.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. Ternium S.A. has a 12-month low of $28.37 and a 12-month high of $44.44.

Ternium (NYSE:TX - Get Free Report) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.45 billion. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The business's revenue was down 13.6% on a year-over-year basis. During the same quarter last year, the business earned $1.38 earnings per share. As a group, sell-side analysts expect that Ternium S.A. will post 3.7 EPS for the current year.

Ternium Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.