Stifel Financial Corp bought a new position in Ternium SA (NYSE:TX) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 21,190 shares of the basic materials company’s stock, valued at approximately $652,000.
Several other institutional investors have also bought and sold shares of the company. Advisor Group Inc. grew its holdings in Ternium by 141.1% during the 2nd quarter. Advisor Group Inc. now owns 4,067 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 2,380 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Ternium during the 2nd quarter valued at about $204,000. Stevens Capital Management LP bought a new position in Ternium during the 3rd quarter valued at about $238,000. Campbell & CO Investment Adviser LLC bought a new position in Ternium during the 3rd quarter valued at about $271,000. Finally, Trexquant Investment LP bought a new position in Ternium during the 3rd quarter valued at about $317,000. Hedge funds and other institutional investors own 19.26% of the company’s stock.
Ternium SA (TX) opened at $34.37 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.68. The company has a market cap of $6,713.88, a PE ratio of 8.20 and a beta of 1.09. Ternium SA has a one year low of $22.17 and a one year high of $34.46.
Ternium (NYSE:TX) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.33. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.38 billion. Ternium had a net margin of 9.86% and a return on equity of 15.49%. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. sell-side analysts anticipate that Ternium SA will post 3.98 earnings per share for the current fiscal year.
Several equities analysts recently commented on the stock. ValuEngine upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research upgraded shares of Ternium from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Saturday, January 6th. Morgan Stanley upgraded shares of Ternium from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 6th. Finally, Santander upgraded shares of Ternium from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Ternium presently has an average rating of “Buy” and an average price target of $31.10.
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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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