Dalton Investments Inc. Sells 9,591 Shares of Ternium S.A. (NYSE:TX)

Dalton Investments Inc. lowered its position in shares of Ternium S.A. (NYSE:TX) by 23.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,184 shares of the basic materials company’s stock after selling 9,591 shares during the quarter. Ternium comprises approximately 0.7% of Dalton Investments Inc.’s portfolio, making the stock its 19th biggest position. Dalton Investments Inc.’s holdings in Ternium were worth $1,209,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TX. Sei Investments Co. raised its position in shares of Ternium by 22.0% in the 2nd quarter. Sei Investments Co. now owns 203,632 shares of the basic materials company’s stock worth $7,646,000 after purchasing an additional 36,722 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of Ternium by 5.0% in the second quarter. Inspire Investing LLC now owns 38,136 shares of the basic materials company’s stock worth $1,432,000 after buying an additional 1,816 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Ternium during the second quarter valued at approximately $444,000. Renaissance Technologies LLC increased its position in shares of Ternium by 43.0% during the second quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company’s stock valued at $9,710,000 after acquiring an additional 77,800 shares in the last quarter. Finally, Donald Smith & CO. Inc. purchased a new position in Ternium in the 2nd quarter worth approximately $50,566,000. Institutional investors own 11.98% of the company’s stock.

Ternium Trading Down 2.3 %

NYSE:TX opened at $35.02 on Friday. The business has a fifty day moving average price of $34.29 and a 200-day moving average price of $38.46. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 0.15 and a beta of 1.76. Ternium S.A. has a one year low of $30.68 and a one year high of $44.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($1.36). Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period last year, the business earned $3.19 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Sell-side analysts forecast that Ternium S.A. will post 7.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TX shares. StockNews.com downgraded Ternium from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. lifted their price target on shares of Ternium from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.33.

About Ternium

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.