Acadian Asset Management LLC Has $136.85 Million Stake in Ternium S.A. (NYSE:TX)

Acadian Asset Management LLC decreased its stake in Ternium S.A. (NYSE:TX) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,288,676 shares of the basic materials company’s stock after selling 246,587 shares during the quarter. Acadian Asset Management LLC owned 1.64% of Ternium worth $136,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Key Financial Inc raised its position in shares of Ternium by 5,900.0% during the fourth quarter. Key Financial Inc now owns 600 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 590 shares during the period. Blue Trust Inc. acquired a new stake in shares of Ternium during the fourth quarter worth about $30,000. Activest Wealth Management acquired a new stake in shares of Ternium during the first quarter worth about $44,000. Allspring Global Investments Holdings LLC raised its position in shares of Ternium by 49.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 350 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 287 shares during the period. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Stock Down 0.9 %

Ternium stock traded down $0.34 during midday trading on Friday, reaching $35.66. The stock had a trading volume of 282,523 shares, compared to its average volume of 167,550. The firm’s fifty day simple moving average is $39.44 and its 200-day simple moving average is $40.10. Ternium S.A. has a 1-year low of $35.22 and a 1-year high of $45.58. The stock has a market capitalization of $7.15 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 0.24 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.98 and a current ratio of 3.32.

Ternium (NYSE:TX) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.54. The firm had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.77 billion. Ternium had a return on equity of 10.21% and a net margin of 3.53%. The business’s revenue was up 31.9% compared to the same quarter last year. During the same period last year, the company earned $1.91 earnings per share. As a group, analysts expect that Ternium S.A. will post 7.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TX. StockNews.com lowered Ternium from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. lifted their target price on Ternium from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, The Goldman Sachs Group lifted their target price on Ternium from $49.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $52.33.

Ternium Company 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.