Allspring Global Investments Holdings LLC Sells 14,183 Shares of Ternium S.A. (NYSE:TX)

Allspring Global Investments Holdings LLC lowered its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 6.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 204,319 shares of the basic materials company's stock after selling 14,183 shares during the period. Allspring Global Investments Holdings LLC owned about 0.10% of Ternium worth $7,541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC grew its position in Ternium by 1.8% during the 1st quarter. Lazard Asset Management LLC now owns 3,196,107 shares of the basic materials company's stock worth $133,021,000 after acquiring an additional 56,379 shares during the last quarter. Ninety One UK Ltd lifted its holdings in Ternium by 0.6% during the 2nd quarter. Ninety One UK Ltd now owns 1,691,042 shares of the basic materials company's stock worth $63,499,000 after buying an additional 10,375 shares during the period. Donald Smith & CO. Inc. acquired a new position in Ternium during the 2nd quarter worth about $50,566,000. Renaissance Technologies LLC lifted its holdings in Ternium by 43.0% during the 2nd quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company's stock worth $9,710,000 after buying an additional 77,800 shares during the period. Finally, Sei Investments Co. lifted its holdings in Ternium by 22.0% during the 2nd quarter. Sei Investments Co. now owns 203,632 shares of the basic materials company's stock worth $7,646,000 after buying an additional 36,722 shares during the period. Institutional investors own 11.98% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Ternium from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $52.33.

Ternium Stock Up 0.5 %

Shares of NYSE:TX traded up $0.17 during midday trading on Monday, reaching $35.64. The company's stock had a trading volume of 89,978 shares, compared to its average volume of 209,457. The company has a quick ratio of 1.57, a current ratio of 2.74 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average price of $34.77 and a two-hundred day moving average price of $37.53. Ternium S.A. has a fifty-two week low of $30.68 and a fifty-two week high of $44.44.

Ternium (NYSE:TX - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4.57 billion. Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.19 earnings per share. As a group, equities analysts forecast that Ternium S.A. will post 4.41 earnings per share for the current fiscal 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.