Oldfield Partners LLP Sells 92,600 Shares of Ternium S.A. (NYSE:TX)

Oldfield Partners LLP lessened its holdings in Ternium S.A. (NYSE:TX) by 26.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 257,036 shares of the basic materials company’s stock after selling 92,600 shares during the period. Ternium comprises approximately 1.8% of Oldfield Partners LLP’s holdings, making the stock its 11th biggest position. Oldfield Partners LLP owned approximately 0.13% of Ternium worth $9,652,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in Ternium by 96.7% during the 4th quarter. BNP Paribas Financial Markets now owns 16,518 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 8,121 shares during the period. QRG Capital Management Inc. raised its stake in Ternium by 9.2% during the 4th quarter. QRG Capital Management Inc. now owns 7,359 shares of the basic materials company’s stock worth $313,000 after acquiring an additional 622 shares during the period. Principal Financial Group Inc. bought a new stake in Ternium during the 4th quarter worth approximately $1,698,000. Dynamic Technology Lab Private Ltd bought a new stake in Ternium during the 4th quarter worth approximately $325,000. Finally, EverSource Wealth Advisors LLC raised its stake in Ternium by 19.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 287 shares during the period. Institutional investors own 11.98% of the company’s stock.

Ternium Trading Up 2.9 %

Ternium stock opened at $33.35 on Monday. The stock has a market cap of $6.69 billion, a P/E ratio of 9.90, a PEG ratio of 0.14 and a beta of 1.76. 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 1 year low of $30.68 and a 1 year high of $44.44. The firm’s 50 day moving average price is $34.52 and its 200-day moving average price is $38.63.

Ternium (NYSE:TX) last released its quarterly earnings data 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 company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the previous year, the business earned $3.19 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities analysts predict that Ternium S.A. will post 7.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price 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. StockNews.com upgraded shares of Ternium from a “hold” rating to a “buy” rating in a research report on Monday, August 19th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “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.