Donald Smith & CO. Inc. boosted its stake in Ternium S.A. (NYSE:TX - Free Report) by 88.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,539,751 shares of the basic materials company's stock after acquiring an additional 1,193,110 shares during the quarter. Ternium accounts for 2.2% of Donald Smith & CO. Inc.'s portfolio, making the stock its 19th largest position. Donald Smith & CO. Inc. owned approximately 1.27% of Ternium worth $93,742,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Lazard Asset Management LLC increased its holdings 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 purchasing an additional 56,379 shares in the last quarter. Ninety One UK Ltd increased its stake in shares of Ternium by 0.6% during the second quarter. Ninety One UK Ltd now owns 1,691,042 shares of the basic materials company's stock valued at $63,499,000 after purchasing an additional 10,375 shares in the last quarter. Oldfield Partners LLP increased its holdings in Ternium by 1.9% in the 3rd quarter. Oldfield Partners LLP now owns 261,836 shares of the basic materials company's stock worth $9,664,000 after buying an additional 4,800 shares in the last quarter. Renaissance Technologies LLC lifted its position in Ternium by 43.0% during the second quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company's stock valued at $9,710,000 after purchasing an additional 77,800 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Ternium by 22.0% in the second 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 in the last quarter. Institutional investors own 11.98% of the company's stock.
Ternium Stock Down 2.2 %
Shares of TX traded down $0.77 during mid-day trading on Wednesday, reaching $34.06. The company's stock had a trading volume of 118,266 shares, compared to its average volume of 208,597. The company has a market cap of $6.69 billion, a price-to-earnings ratio of -9.73, a price-to-earnings-growth ratio of 0.21 and a beta of 1.77. Ternium S.A. has a 1 year low of $30.68 and a 1 year high of $44.44. The business has a fifty day moving average of $34.80 and a 200 day moving average of $37.42. The company has a quick ratio of 1.57, a current ratio of 2.74 and a debt-to-equity ratio of 0.09.
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 analysts' consensus estimates of $1.25 by ($1.36). Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the previous year, the business posted $3.19 earnings per share. The firm's quarterly revenue was up 16.6% compared to the same quarter last year. As a group, analysts forecast that Ternium S.A. will post 4.41 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Ternium from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.33.
Read Our Latest Stock Analysis on TX
Ternium Profile
(
Free Report)
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.
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