Donald Smith & CO. Inc. Takes Position in Ternium S.A. (NYSE:TX)

Donald Smith & CO. Inc. purchased a new position in shares of Ternium S.A. (NYSE:TX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,346,641 shares of the basic materials company's stock, valued at approximately $50,566,000. Donald Smith & CO. Inc. owned about 0.67% of Ternium at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in Ternium by 19.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company's stock valued at $75,000 after buying an additional 287 shares during the period. QRG Capital Management Inc. grew its stake in shares of Ternium by 9.2% during the 4th quarter. QRG Capital Management Inc. now owns 7,359 shares of the basic materials company's stock worth $313,000 after acquiring an additional 622 shares during the period. Activest Wealth Management bought a new position in shares of Ternium during the 1st quarter worth $44,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Ternium by 2.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,751 shares of the basic materials company's stock worth $1,699,000 after acquiring an additional 1,067 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Ternium by 3,152.3% during the 2nd quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company's stock worth $60,000 after acquiring an additional 1,387 shares during the period. 11.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. StockNews.com upgraded Ternium from a "hold" rating to a "buy" rating in a research note on Monday, August 19th. JPMorgan Chase & Co. raised their target price on Ternium from $54.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 28th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $52.33.

Ternium Price Performance

Shares of NYSE:TX traded up $0.81 on Monday, hitting $34.16. The company's stock had a trading volume of 203,207 shares, compared to its average volume of 215,126. The company has a market capitalization of $6.85 billion, a PE ratio of 9.90, a PEG ratio of 0.14 and a beta of 1.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57. The company has a 50-day simple moving average of $34.52 and a 200 day simple moving average of $38.63. Ternium S.A. has a 1 year low of $30.68 and a 1 year high of $44.44.

Ternium (NYSE:TX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($1.36). The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.57 billion. Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The business's revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.19 EPS. Sell-side analysts forecast that Ternium S.A. will post 7.01 EPS for the current fiscal year.

About Ternium

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.