Robeco Institutional Asset Management B.V. Acquires 41,561 Shares of Ternium S.A. $TX

Robeco Institutional Asset Management B.V. lifted its holdings in Ternium S.A. (NYSE:TX) by 9.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 472,046 shares of the basic materials company’s stock after purchasing an additional 41,561 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Ternium were worth $25,632,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Ternium by 14.9% during the third quarter. GAMMA Investing LLC now owns 2,489 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 323 shares in the last quarter. Parallel Advisors LLC raised its stake in Ternium by 101.2% in the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock worth $32,000 after buying an additional 405 shares in the last quarter. QRG Capital Management Inc. raised its stake in Ternium by 7.1% in the first quarter. QRG Capital Management Inc. now owns 7,549 shares of the basic materials company’s stock worth $303,000 after buying an additional 501 shares in the last quarter. Royal Bank of Canada lifted its holdings in Ternium by 3.6% during the first quarter. Royal Bank of Canada now owns 28,040 shares of the basic materials company’s stock worth $1,125,000 after buying an additional 968 shares during the period. Finally, Oldfield Partners LLP boosted its position in Ternium by 11.3% during the 2nd quarter. Oldfield Partners LLP now owns 26,161 shares of the basic materials company’s stock valued at $1,117,000 after acquiring an additional 2,666 shares in the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TX shares. HSBC reissued a “hold” rating and issued a $55.00 price target (up from $53.00) on shares of Ternium in a research report on Friday, August 21st. Wells Fargo & Company raised their price objective on Ternium from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 6th. Wall Street Zen upgraded Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Finally, Weiss Ratings upgraded shares of Ternium from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.72.

Ternium Stock Performance

Shares of TX opened at $56.00 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.14. The firm has a market cap of $11.23 billion, a PE ratio of 15.73, a P/E/G ratio of 0.15 and a beta of 1.17. Ternium S.A. has a 12 month low of $33.01 and a 12 month high of $60.21. The stock has a fifty day moving average price of $56.49 and a 200-day moving average price of $49.75.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share for the quarter. Ternium had a return on equity of 4.26% and a net margin of 4.37%. The firm had revenue of $4.34 billion for the quarter. Equities research analysts predict that Ternium S.A. will post 6.52 earnings per share for the current fiscal year.

Ternium Company Profile

Ternium SA is a steel producer serving customers primarily in the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, galvanized and pre-painted steel, hot- and cold-rolled products, steel bars, wire rod, and tubular products.

Ternium supplies industries such as construction, automotive, appliance manufacturing, energy, transportation, and agriculture. Its operations include iron ore mining, steelmaking, rolling, coating, processing, and distribution, allowing it to offer both commodity and higher-value-added steel products.

The company has industrial and commercial operations across Latin America, including Mexico, Brazil, Argentina, Colombia, and other markets in the region, as well as a presence in the United States and Central America.