Northern Trust Corp reduced its stake in Ternium SA (NYSE:TX) by 77.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,441 shares of the basic materials company’s stock after selling 68,923 shares during the period. Northern Trust Corp’s holdings in Ternium were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BB&T Securities LLC acquired a new position in Ternium in the 2nd quarter valued at about $214,000. Capital Fund Management S.A. acquired a new position in Ternium in the 2nd quarter valued at about $306,000. Cubist Systematic Strategies LLC acquired a new position in Ternium in the 2nd quarter valued at about $408,000. Aperio Group LLC grew its position in Ternium by 23.3% in the 2nd quarter. Aperio Group LLC now owns 16,020 shares of the basic materials company’s stock valued at $558,000 after acquiring an additional 3,032 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Ternium in the 2nd quarter valued at about $590,000. Hedge funds and other institutional investors own 18.57% of the company’s stock.

A number of equities analysts have recently commented on TX shares. Zacks Investment Research downgraded Ternium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. ValuEngine raised Ternium from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, Bank of America reissued an “underperform” rating and set a $32.00 price objective on shares of Ternium in a research report on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Ternium has an average rating of “Hold” and an average target price of $40.67.

Shares of Ternium stock opened at $29.65 on Friday. Ternium SA has a one year low of $25.52 and a one year high of $42.43. The stock has a market cap of $6.01 billion, a PE ratio of 6.57, a P/E/G ratio of 0.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.01 and a quick ratio of 0.86.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $2.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.89. Ternium had a return on equity of 21.81% and a net margin of 11.58%. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, sell-side analysts predict that Ternium SA will post 6.89 earnings per share for the current year.

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About Ternium

Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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