Aigen Investment Management LP Raises Stock Holdings in Ternium S.A. (NYSE:TX)

Aigen Investment Management LP increased its stake in shares of Ternium S.A. (NYSE:TX) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,741 shares of the basic materials company’s stock after purchasing an additional 333 shares during the quarter. Aigen Investment Management LP’s holdings in Ternium were worth $336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TX. Mark Sheptoff Financial Planning LLC purchased a new stake in Ternium in the first quarter valued at about $27,000. Optimum Investment Advisors acquired a new position in shares of Ternium in the second quarter valued at about $29,000. Eaton Vance Management acquired a new position in shares of Ternium in the first quarter valued at about $32,000. Arkadios Wealth Advisors increased its holdings in shares of Ternium by 26.0% in the second quarter. Arkadios Wealth Advisors now owns 1,013 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 209 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Ternium in the first quarter valued at about $204,000. Hedge funds and other institutional investors own 16.66% of the company’s stock.

TX has been the topic of a number of research reports. HSBC increased their price objective on Ternium from $50.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, July 15th. Itau BBA Securities raised Ternium from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Thursday, August 19th. Citigroup raised their target price on Ternium from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, August 5th. Bradesco Corretora lowered Ternium from an “outperform” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Thursday, August 19th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $44.00 target price on shares of Ternium in a report on Thursday, May 20th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $50.50.

Shares of TX opened at $51.27 on Wednesday. The firm has a market cap of $10.28 billion, a P/E ratio of 4.24, a PEG ratio of 0.17 and a beta of 1.43. The stock’s 50 day moving average is $50.39 and its two-hundred day moving average is $42.14. Ternium S.A. has a 12 month low of $17.26 and a 12 month high of $56.86. The company has a current ratio of 2.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12.

Ternium (NYSE:TX) last released its earnings results on Tuesday, August 3rd. The basic materials company reported $5.21 earnings per share for the quarter, beating the consensus estimate of $3.82 by $1.39. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.77 billion. Ternium had a return on equity of 24.50% and a net margin of 19.94%. Equities research analysts forecast that Ternium S.A. will post 16.93 EPS for the current year.

Ternium Profile

Ternium SA engages in the manufacturing and trade of steel products. The firm offers its products to construction, automotive, manufacturing, home appliances, packaging, energy, and transport industries. It operates through the Steel and Mining segments. The Steel segment include slabs, billets, and round bars; hot-rolled coils and sheets; bars and stirrups; wire rods; tin plate; hot dipped galvanized and electrogalvanized sheets; and pre-painted sheets, steel pipes, and tubular products.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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