Ternium S.A. (NYSE:TX) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lifted its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 88.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 2.2% of Donald Smith & CO. Inc.'s holdings, making the stock its 19th biggest position. Donald Smith & CO. Inc. owned about 1.27% of Ternium worth $93,742,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TX. GAMMA Investing LLC increased its holdings in Ternium by 72.1% during the 3rd 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 in the last quarter. Blue Trust Inc. increased 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 purchasing an additional 1,387 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Ternium during the 1st quarter worth approximately $107,000. Virtus Investment Advisers Inc. purchased a new stake in Ternium in the 1st quarter valued at approximately $202,000. Finally, Caprock Group LLC acquired a new stake in Ternium during the 2nd quarter valued at $295,000. Institutional investors and hedge funds own 11.98% of the company's stock.

Ternium Trading Down 1.4 %

Shares of TX traded down $0.49 on Wednesday, hitting $34.34. 24,483 shares of the stock traded hands, compared to its average volume of 208,117. Ternium S.A. has a 1 year low of $30.68 and a 1 year high of $44.44. The stock's 50 day moving average is $34.80 and its two-hundred day moving average is $37.42. The firm has a market capitalization of $6.74 billion, a P/E ratio of -9.84, a P/E/G ratio of 0.21 and a beta of 1.77. 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 the consensus estimate of $1.25 by ($1.36). The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.57 billion. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. Ternium's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.19 EPS. As a group, sell-side analysts predict that Ternium S.A. will post 4.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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 stock. According to MarketBeat, Ternium currently has a consensus rating of "Moderate Buy" and an average target price of $52.33.

Ternium Company 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.

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