International Assets Investment Management LLC bought a new stake in Ternium S.A. (NYSE:TX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,652 shares of the basic materials company's stock, valued at approximately $1,353,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Ternium by 72.1% during the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company's stock worth $34,000 after buying an additional 385 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Ternium by 3,152.3% during the second quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company's stock valued at $60,000 after acquiring an additional 1,387 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Ternium in the 1st quarter valued at about $107,000. Virtus Investment Advisers Inc. acquired a new stake in Ternium during the 1st quarter valued at approximately $202,000. Finally, Caprock Group LLC bought a new position in Ternium during the second quarter worth $295,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.
Ternium Stock Up 0.5 %
Shares of TX stock traded up $0.17 during trading hours on Tuesday, reaching $34.42. 141,751 shares of the stock were exchanged, compared to its average volume of 207,651. The business's fifty day moving average is $34.78 and its two-hundred day moving average is $37.18. The firm has a market capitalization of $6.76 billion, a P/E ratio of -9.81, a P/E/G ratio of 0.20 and a beta of 1.77. Ternium S.A. has a 12-month low of $30.68 and a 12-month high of $44.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57.
Analyst Ratings Changes
Separately, StockNews.com cut Ternium from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Ternium presently has a consensus rating of "Moderate Buy" and an average target price of $52.33.
Read Our Latest 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.
Featured Stories
Before you consider Ternium, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ternium wasn't on the list.
While Ternium currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
