Wellington Management Group LLP Has $10.57 Million Stock Holdings in Ternium S.A. (NYSE:TX)

Wellington Management Group LLP raised its stake in shares of Ternium S.A. (NYSE:TX) by 25.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 248,980 shares of the basic materials company’s stock after buying an additional 50,743 shares during the period. Wellington Management Group LLP owned about 0.13% of Ternium worth $10,574,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TX. Key Financial Inc lifted its stake in Ternium by 5,900.0% in the fourth quarter. Key Financial Inc now owns 600 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 590 shares during the last quarter. Blue Trust Inc. bought a new position in Ternium during the fourth quarter valued at about $30,000. Allspring Global Investments Holdings LLC lifted its position in shares of Ternium by 49.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company’s stock worth $45,000 after buying an additional 350 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Ternium by 19.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 287 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Ternium in the 4th quarter valued at approximately $242,000. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TX. The Goldman Sachs Group increased their price target on Ternium from $49.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, April 4th. StockNews.com upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Ternium from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $52.33.

Ternium Trading Up 0.8 %

Shares of TX stock opened at $37.29 on Friday. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.08. Ternium S.A. has a 1 year low of $35.22 and a 1 year high of $45.58. The firm’s fifty day simple moving average is $40.96 and its 200 day simple moving average is $40.66. The firm has a market capitalization of $7.48 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 0.17 and a beta of 1.75.

Ternium (NYSE:TX) last announced its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.54. Ternium had a net margin of 3.53% and a return on equity of 10.21%. The business had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.77 billion. During the same quarter in the prior year, the business earned $1.91 earnings per share. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis. As a group, sell-side analysts predict that Ternium S.A. will post 7.95 EPS for the current year.

Ternium Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.