Prudential PLC Has $22.13 Million Position in Ternium S.A. $TX

Prudential PLC reduced its position in shares of Ternium S.A. (NYSE:TX) by 19.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 579,474 shares of the basic materials company’s stock after selling 138,119 shares during the quarter. Prudential PLC’s holdings in Ternium were worth $22,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. State of Wyoming lifted its holdings in Ternium by 33.3% during the 4th quarter. State of Wyoming now owns 5,587 shares of the basic materials company’s stock worth $213,000 after purchasing an additional 1,395 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Ternium by 18.5% during the 4th quarter. Hantz Financial Services Inc. now owns 21,217 shares of the basic materials company’s stock worth $810,000 after purchasing an additional 3,305 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in Ternium during the 4th quarter worth approximately $209,000. EverSource Wealth Advisors LLC lifted its holdings in Ternium by 49.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new stake in Ternium during the 4th quarter worth approximately $38,000. 11.98% of the stock is owned by institutional investors and hedge funds.

Ternium Stock Performance

Shares of TX opened at $50.09 on Friday. The firm has a market capitalization of $10.04 billion, a P/E ratio of 17.21 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.63. The stock has a 50 day moving average price of $43.92 and a two-hundred day moving average price of $41.46. Ternium S.A. has a 52 week low of $28.34 and a 52 week high of $51.73.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Itau BBA Securities raised Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price target for the company in a report on Sunday, May 24th. UBS Group raised their price objective on Ternium from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Bank of America raised Ternium from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, April 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $57.00 price objective on shares of Ternium in a research note on Friday, May 22nd. Finally, Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.35.

Ternium Company Profile

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.