Donald Smith & CO. Inc. Purchases 66,062 Shares of Ternium S.A. $TX

Donald Smith & CO. Inc. increased its position in shares of Ternium S.A. (NYSE:TX) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,808,645 shares of the basic materials company’s stock after acquiring an additional 66,062 shares during the period. Ternium comprises about 2.7% of Donald Smith & CO. Inc.’s portfolio, making the stock its 13th biggest position. Donald Smith & CO. Inc. owned about 1.90% of Ternium worth $145,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TX. Lazard Asset Management LLC grew its position in Ternium by 8.5% during the 3rd quarter. Lazard Asset Management LLC now owns 5,813,570 shares of the basic materials company’s stock worth $201,905,000 after acquiring an additional 454,798 shares during the last quarter. Millennium Management LLC grew its position in Ternium by 569.4% during the 1st quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock worth $3,952,000 after acquiring an additional 107,880 shares during the last quarter. Schroder Investment Management Group grew its position in Ternium by 4.7% during the 3rd quarter. Schroder Investment Management Group now owns 2,279,273 shares of the basic materials company’s stock worth $79,159,000 after acquiring an additional 101,748 shares during the last quarter. Amundi grew its position in Ternium by 10.5% during the 3rd quarter. Amundi now owns 562,913 shares of the basic materials company’s stock worth $20,327,000 after acquiring an additional 53,645 shares during the last quarter. Finally, Sei Investments Co. grew its position in Ternium by 176.7% during the 3rd quarter. Sei Investments Co. now owns 71,624 shares of the basic materials company’s stock worth $2,488,000 after acquiring an additional 45,740 shares during the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Trading Down 1.7%

Shares of TX stock opened at $47.20 on Thursday. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 0.19 and a beta of 1.28. The stock has a 50-day moving average of $44.63 and a 200-day moving average of $41.79. The company has a current ratio of 2.63, a quick ratio of 1.53 and a debt-to-equity ratio of 0.14. Ternium S.A. has a 1-year low of $28.56 and a 1-year high of $51.73.

Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share for the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%.The company had revenue of $3.93 billion during the quarter. On average, equities research analysts forecast that Ternium S.A. will post 4.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TX. Wells Fargo & Company boosted their price objective on Ternium from $36.00 to $43.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Itau BBA Securities upgraded Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a research report on Sunday, May 24th. UBS Group increased their price target on Ternium from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Ternium in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.35.

About Ternium

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.