Sanctuary Advisors LLC Acquires Shares of 19,231 Ternium S.A. $TX

Sanctuary Advisors LLC bought a new position in Ternium S.A. (NYSE:TX) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,231 shares of the basic materials company’s stock, valued at approximately $772,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TX. EverSource Wealth Advisors LLC grew its holdings in shares of Ternium by 49.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after buying an additional 232 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Ternium in the 4th quarter valued at approximately $36,000. Camelot Portfolios LLC bought a new position in Ternium in the 4th quarter valued at approximately $38,000. Advisory Services Network LLC bought a new position in Ternium in the 3rd quarter valued at approximately $38,000. Finally, JPMorgan Chase & Co. boosted its stake in Ternium by 142.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 736 shares during the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Trading Up 0.0%

NYSE:TX opened at $47.30 on Monday. The company has a market cap of $9.48 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.17 and a beta of 1.29. The company has a current ratio of 2.63, a quick ratio of 1.53 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of $46.00 and a two-hundred day simple moving average of $43.45. Ternium S.A. has a 12 month low of $30.44 and a 12 month high of $51.73.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share for the quarter. The firm had revenue of $3.93 billion for the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%. Research analysts forecast that Ternium S.A. will post 5.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on TX shares. Bradesco Corretora raised Ternium to an “outperform” rating and set a $62.00 target price for the company in a report on Tuesday, May 19th. Wells Fargo & Company raised Ternium from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $43.00 to $45.00 in a report on Thursday, July 9th. Zacks Research raised Ternium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 16th. Itau BBA Securities upgraded Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price objective for the company in a report on Sunday, May 24th. Finally, Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Ternium has an average rating of “Moderate Buy” and a consensus price target of $47.94.

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.