California Public Employees Retirement System lifted its position in shares of Ternium SA (NYSE:TX) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,649 shares of the basic materials company’s stock after acquiring an additional 1,179 shares during the period. California Public Employees Retirement System owned about 0.06% of Ternium worth $1,709,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in Ternium in the first quarter worth $36,000. Advisor Group Holdings Inc. acquired a new stake in Ternium in the first quarter worth $39,000. Aigen Investment Management LP increased its position in Ternium by 577.5% in the first quarter. Aigen Investment Management LP now owns 6,761 shares of the basic materials company’s stock worth $80,000 after buying an additional 5,763 shares during the period. Banco Santander S.A. acquired a new stake in Ternium in the first quarter worth $136,000. Finally, Royal Bank of Canada increased its position in Ternium by 10.4% in the first quarter. Royal Bank of Canada now owns 13,081 shares of the basic materials company’s stock worth $156,000 after buying an additional 1,234 shares during the period. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of TX stock opened at $19.06 on Thursday. The stock has a 50-day simple moving average of $17.14 and a 200 day simple moving average of $15.01. Ternium SA has a fifty-two week low of $9.59 and a fifty-two week high of $23.65. The stock has a market capitalization of $3.74 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.44 and a beta of 1.33. The company has a quick ratio of 1.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.23.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.19. Ternium had a return on equity of 4.71% and a net margin of 2.21%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the company posted $0.92 EPS. Ternium’s revenue for the quarter was down 36.7% on a year-over-year basis. On average, sell-side analysts anticipate that Ternium SA will post 1.41 earnings per share for the current year.

Several research analysts have recently issued reports on TX shares. Zacks Investment Research raised Ternium from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Saturday, August 29th. Bank of America raised Ternium from an “underperform” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Monday, June 8th. Finally, JPMorgan Chase & Co. cut Ternium from an “overweight” rating to a “neutral” rating and set a $18.50 price target for the company. in a research note on Monday, June 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $19.79.

Ternium Profile

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 flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron; and sells energy.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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