State of New Jersey Common Pension Fund D Increases Holdings in Ternium S.A. (NYSE:TX)

State of New Jersey Common Pension Fund D lifted its position in Ternium S.A. (NYSE:TX) by 8.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,335 shares of the basic materials company’s stock after purchasing an additional 6,158 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Ternium were worth $3,092,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TX. Blue Trust Inc. lifted its holdings in Ternium by 3,152.3% during the second quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock worth $60,000 after buying an additional 1,387 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Ternium by 19.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock worth $75,000 after buying an additional 287 shares during the period. SG Americas Securities LLC purchased a new stake in Ternium during the first quarter worth $107,000. Virtus Investment Advisers Inc. purchased a new stake in Ternium during the first quarter worth $202,000. Finally, Caprock Group LLC purchased a new stake in Ternium during the second quarter worth $295,000. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Stock Performance

Shares of TX stock opened at $34.50 on Wednesday. The company has a current ratio of 2.74, a quick ratio of 1.57 and a debt-to-equity ratio of 0.09. The business’s fifty day simple moving average is $34.46 and its 200-day simple moving average is $38.58. Ternium S.A. has a 12-month low of $30.68 and a 12-month high of $44.44. The company has a market cap of $6.92 billion, a PE ratio of 10.24, a PEG ratio of 0.14 and a beta of 1.76.

Ternium (NYSE:TX) last released its earnings results on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the company earned $3.19 earnings per share. Ternium’s revenue was up 16.6% on a year-over-year basis. Analysts expect that Ternium S.A. will post 7.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TX has been the subject of a number of analyst reports. StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on Ternium from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.33.

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.