Ternium S.A. (NYSE:TX) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its position in shares of Ternium S.A. (NYSE:TX) by 216.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,535 shares of the basic materials company’s stock after buying an additional 3,104 shares during the period. Blue Trust Inc.’s holdings in Ternium were worth $170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Ternium by 72.1% in the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 385 shares during the last quarter. SG Americas Securities LLC purchased a new position in Ternium during the 1st quarter worth $107,000. Virtus Investment Advisers Inc. purchased a new position in Ternium during the 1st quarter worth $202,000. Caprock Group LLC purchased a new position in Ternium during the 2nd quarter worth $295,000. Finally, QRG Capital Management Inc. raised its position in Ternium by 28.9% during the 2nd quarter. QRG Capital Management Inc. now owns 9,110 shares of the basic materials company’s stock worth $342,000 after buying an additional 2,045 shares during the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Trading Up 1.1 %

Shares of TX stock opened at $35.47 on Friday. The firm has a market cap of $7.11 billion, a P/E ratio of -10.05, a PEG ratio of 0.21 and a beta of 1.77. Ternium S.A. has a 1-year low of $30.68 and a 1-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. The firm’s 50-day simple moving average is $34.77 and its 200-day simple moving average is $37.58.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, July 30th. The basic materials company reported ($0.11) 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 business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the previous year, the business posted $3.19 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities analysts forecast that Ternium S.A. will post 4.41 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.