Deprince Race & Zollo Inc. cut its position in Ternium S.A. (NYSE:TX) by 29.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,680 shares of the basic materials company’s stock after selling 17,550 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Ternium were worth $1,320,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in shares of Ternium by 2.2% in the second quarter. Advisors Asset Management Inc. now owns 29,598 shares of the basic materials company’s stock valued at $831,000 after purchasing an additional 634 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Ternium by 6.5% during the 1st quarter. Ameriprise Financial Inc. now owns 10,772 shares of the basic materials company’s stock valued at $281,000 after purchasing an additional 654 shares during the period. Wells Fargo & Company MN boosted its position in shares of Ternium by 0.3% in the 2nd quarter. Wells Fargo & Company MN now owns 685,289 shares of the basic materials company’s stock worth $19,250,000 after purchasing an additional 2,064 shares in the last quarter. Advisor Group Inc. lifted its position in Ternium by 141.1% in the 2nd quarter. Advisor Group Inc. now owns 4,067 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 2,380 shares in the last quarter. Finally, Advisors Preferred LLC bought a new position in Ternium in the 2nd quarter valued at approximately $153,000. 19.27% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut Ternium from a “hold” rating to a “strong sell” rating in a report on Saturday, November 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $30.50.
Shares of Ternium S.A. (NYSE:TX) traded up $0.50 during midday trading on Monday, reaching $28.77. 294,127 shares of the company’s stock traded hands, compared to its average volume of 411,624. The company has a market capitalization of $5,667.40, a P/E ratio of 6.75 and a beta of 1.09. Ternium S.A. has a twelve month low of $22.17 and a twelve month high of $33.39. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32.
Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.33. Ternium had a net margin of 9.86% and a return on equity of 15.49%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the company posted $1.17 earnings per share. Ternium’s revenue was up 33.6% compared to the same quarter last year. research analysts predict that Ternium S.A. will post 3.98 earnings per share for the current fiscal year.
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Ternium Company Profile
Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
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