Deprince Race & Zollo Inc. Has $6.02 Million Stock Holdings in Ternium S.A. (NYSE:TX)

Deprince Race & Zollo Inc. grew its position in Ternium S.A. (NYSE:TX - Free Report) by 12.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,270 shares of the basic materials company's stock after buying an additional 17,552 shares during the quarter. Deprince Race & Zollo Inc. owned 0.08% of Ternium worth $6,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TX. Wellington Management Group LLP lifted its stake in Ternium by 25.6% in the 4th quarter. Wellington Management Group LLP now owns 248,980 shares of the basic materials company's stock valued at $10,574,000 after buying an additional 50,743 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Ternium during the fourth quarter valued at $1,698,000. GSA Capital Partners LLP purchased a new stake in Ternium during the 1st quarter worth about $1,064,000. Allianz Asset Management GmbH raised its stake in Ternium by 277.7% in the 4th quarter. Allianz Asset Management GmbH now owns 196,082 shares of the basic materials company's stock valued at $8,328,000 after purchasing an additional 144,171 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Ternium by 1.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,196,107 shares of the basic materials company's stock valued at $133,021,000 after purchasing an additional 56,379 shares in the last quarter. Institutional investors and hedge funds own 11.98% of the company's stock.

Ternium Stock Performance

NYSE:TX traded up $0.25 during midday trading on Friday, reaching $36.96. 1,296 shares of the company traded hands, compared to its average volume of 216,504. 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 firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.18 and a beta of 1.76. Ternium S.A. has a twelve month low of $30.68 and a twelve month high of $44.44. The company has a fifty day moving average price of $34.24 and a 200 day moving average price of $38.38.

Ternium (NYSE:TX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($1.36). Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the business earned $3.19 earnings per share. The company's revenue was up 16.6% on a year-over-year basis. On average, analysts expect that Ternium S.A. will post 5.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Ternium from a "hold" rating to a "buy" rating in a research note on Wednesday. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $52.33.

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.