Ternium S.A. (NYSE:TX) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its position in shares of Ternium S.A. (NYSE:TX) by 6.5% during the 3rd quarter, Holdings Channel reports. The firm owned 204,319 shares of the basic materials company’s stock after selling 14,183 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ternium were worth $7,541,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of Ternium in the first quarter worth about $1,064,000. Lazard Asset Management LLC increased its holdings in shares of Ternium by 1.8% in the first quarter. Lazard Asset Management LLC now owns 3,196,107 shares of the basic materials company’s stock valued at $133,021,000 after purchasing an additional 56,379 shares during the last quarter. Renaissance Technologies LLC lifted its position in Ternium by 43.0% during the second quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company’s stock worth $9,710,000 after buying an additional 77,800 shares in the last quarter. Sei Investments Co. raised its stake in Ternium by 22.0% during the second 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 period. Finally, Deprince Race & Zollo Inc. lifted its holdings in Ternium by 12.3% in the second quarter. Deprince Race & Zollo Inc. now owns 160,270 shares of the basic materials company’s stock valued at $6,018,000 after acquiring an additional 17,552 shares during the last quarter. 11.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.33.

Ternium Trading Up 1.1 %

TX opened at $35.47 on Monday. The business has a fifty day moving average price of $34.77 and a 200 day moving average price of $37.53. 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 S.A. has a 12 month low of $30.68 and a 12 month high of $44.44. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.21 and a beta of 1.77.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($1.36). The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.57 billion. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.19 earnings per share. Sell-side analysts expect that Ternium S.A. will post 4.41 earnings per share for the current fiscal 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.