United Services Automobile Association continued to hold its position in Ternium S.A. (NYSE:TX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,018 shares of the basic materials company’s stock at the end of the first quarter. United Services Automobile Association’s holdings in Ternium were worth $1,620,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Fund Management S.A. bought a new position in Ternium during the first quarter valued at about $232,000. Ameriprise Financial Inc. boosted its position in Ternium by 6.5% in the first quarter. Ameriprise Financial Inc. now owns 10,772 shares of the basic materials company’s stock valued at $281,000 after buying an additional 654 shares in the last quarter. Comerica Bank boosted its position in Ternium by 12.9% in the fourth quarter. Comerica Bank now owns 11,344 shares of the basic materials company’s stock valued at $281,000 after buying an additional 1,299 shares in the last quarter. World Asset Management Inc boosted its position in Ternium by 0.3% in the first quarter. World Asset Management Inc now owns 12,437 shares of the basic materials company’s stock valued at $325,000 after buying an additional 41 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in Ternium during the first quarter valued at about $327,000. 22.43% of the stock is currently owned by institutional investors.
Shares of Ternium S.A. (TX) traded down 0.10% during mid-day trading on Friday, reaching $30.10. 319,264 shares of the company’s stock traded hands. The company’s 50 day moving average is $27.03 and its 200-day moving average is $25.54. Ternium S.A. has a 52 week low of $18.29 and a 52 week high of $30.43. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 7.75 and a beta of 1.06.
Ternium (NYSE:TX) last posted its earnings results on Tuesday, April 25th. The basic materials company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.52. Ternium had a net margin of 10.37% and a return on equity of 15.33%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. Equities analysts expect that Ternium S.A. will post $3.25 earnings per share for the current fiscal year.
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Several research analysts have issued reports on the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $35.00 price target (up previously from $33.00) on shares of Ternium in a report on Friday. Zacks Investment Research raised shares of Ternium from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, July 5th. Finally, BidaskClub raised shares of Ternium from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.50.
Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
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