MERIAN GLOBAL INVESTORS UK Ltd Acquires 60,311 Shares of Ternium SA (TX)

MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in Ternium SA (NYSE:TX) by 21.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 343,415 shares of the basic materials company’s stock after buying an additional 60,311 shares during the quarter. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Ternium were worth $10,402,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its position in Ternium by 3.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 86,893 shares of the basic materials company’s stock valued at $2,824,000 after acquiring an additional 3,036 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Ternium by 68.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,412 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 1,389 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Ternium by 7.0% in the 1st quarter. Stifel Financial Corp now owns 22,256 shares of the basic materials company’s stock worth $729,000 after purchasing an additional 1,452 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Ternium in the 1st quarter worth $261,000. Finally, Amundi Pioneer Asset Management Inc. boosted its position in shares of Ternium by 12.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 351,830 shares of the basic materials company’s stock worth $11,431,000 after purchasing an additional 39,000 shares in the last quarter. Institutional investors own 17.80% of the company’s stock.

A number of analysts have recently weighed in on TX shares. Bank of America reissued an “underperform” rating and issued a $32.00 price objective on shares of Ternium in a research report on Thursday, August 16th. ValuEngine cut Ternium from a “sell” rating to a “strong sell” rating in a research report on Friday, August 17th. Finally, Zacks Investment Research cut Ternium from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.67.

Ternium stock opened at $30.91 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $6.31 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 0.60 and a beta of 1.14. Ternium SA has a 1-year low of $25.52 and a 1-year high of $42.43.

Ternium (NYSE:TX) last posted its quarterly earnings data on Tuesday, July 31st. The basic materials company reported $1.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.83 by ($0.13). The business had revenue of $3.13 billion during the quarter. Ternium had a return on equity of 17.93% and a net margin of 9.42%. As a group, equities research analysts expect that Ternium SA will post 6.69 EPS for the current fiscal year.

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 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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