Engineers Gate Manager LP Has $2.41 Million Stock Position in Ternium S.A. $TX

Engineers Gate Manager LP boosted its holdings in shares of Ternium S.A. (NYSE:TX) by 496.8% in the 2nd quarter, Holdings Channel reports. The firm owned 56,337 shares of the basic materials company’s stock after buying an additional 46,897 shares during the period. Engineers Gate Manager LP’s holdings in Ternium were worth $2,406,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Donald Smith & CO. Inc. acquired a new position in Ternium during the second quarter worth about $134,131,000. Lazard Asset Management LLC boosted its stake in shares of Ternium by 8.0% in the 1st quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company’s stock valued at $254,395,000 after purchasing an additional 469,846 shares in the last quarter. Nykredit A S acquired a new stake in shares of Ternium in the 2nd quarter valued at approximately $14,329,000. Cape Ann Asset Management Ltd grew its holdings in shares of Ternium by 20.5% during the 4th quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock valued at $40,812,000 after purchasing an additional 182,000 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Ternium during the 2nd quarter valued at approximately $5,704,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TX. Wall Street Zen upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. boosted their target price on shares of Ternium from $60.50 to $67.50 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Zacks Research downgraded shares of Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Itau BBA Securities upgraded Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price target for the company in a research note on Sunday, May 24th. Finally, UBS Group increased their price target on Ternium from $56.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ternium has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Ternium Stock Performance

Ternium stock opened at $55.95 on Tuesday. The business has a 50 day moving average of $51.58 and a 200-day moving average of $46.35. Ternium S.A. has a 1 year low of $33.01 and a 1 year high of $58.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.43. The company has a market capitalization of $11.22 billion, a P/E ratio of 15.72, a P/E/G ratio of 0.17 and a beta of 1.25.

Ternium (NYSE:TX) last posted its earnings results on Tuesday, June 30th. The basic materials company reported $1.80 EPS for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. The business had revenue of $4.34 billion for the quarter. On average, equities research analysts predict that Ternium S.A. will post 6.54 earnings per share for the current year.

Ternium Company Profile

Ternium SA (NYSE: TX) is a steel producer serving customers across the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, slabs, billets, hot- and cold-rolled steel, galvanized steel, tinplate, rebar and wire rod.

Its products are used in a variety of industries, including automotive manufacturing, construction, appliances, energy, machinery and transportation. Ternium operates an integrated production network with steelmaking, rolling, finishing and distribution facilities, allowing it to supply both commodity and value-added steel products.

Ternium has operations and commercial activities in countries including Mexico, Argentina, Brazil, Colombia, the United States and several other Latin American markets.