Legal & General Group Plc held its position in shares of Ternium S.A. (NYSE:TX) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,000 shares of the basic materials company’s stock at the end of the first quarter. Legal & General Group Plc’s holdings in Ternium were worth $183,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TX. Oldfield Partners LLP increased its position in shares of Ternium by 46.5% in the first quarter. Oldfield Partners LLP now owns 2,314,439 shares of the basic materials company’s stock worth $41,614,000 after buying an additional 735,110 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Ternium by 65.0% in the first quarter. Van ECK Associates Corp now owns 579,464 shares of the basic materials company’s stock worth $15,136,000 after buying an additional 228,250 shares in the last quarter. OppenheimerFunds Inc. acquired a new position in shares of Ternium during the first quarter worth $3,134,000. Wells Fargo & Company MN increased its position in shares of Ternium by 18.7% in the first quarter. Wells Fargo & Company MN now owns 683,225 shares of the basic materials company’s stock worth $17,846,000 after buying an additional 107,420 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Ternium by 3,535.4% in the first quarter. Victory Capital Management Inc. now owns 93,247 shares of the basic materials company’s stock worth $2,436,000 after buying an additional 90,682 shares in the last quarter. Institutional investors own 21.71% of the company’s stock.

Ternium S.A. (TX) traded down 0.47% during trading on Friday, reaching $29.67. The company had a trading volume of 215,052 shares. The company has a market capitalization of $5.82 billion, a PE ratio of 6.79 and a beta of 1.07. Ternium S.A. has a 52-week low of $18.29 and a 52-week high of $32.14. The company has a 50 day moving average price of $29.15 and a 200 day moving average price of $26.24.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.14. Ternium had a return on equity of 16.61% and a net margin of 11.05%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm earned $0.78 EPS. Ternium’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, equities analysts forecast that Ternium S.A. will post $3.78 EPS for the current fiscal year.

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A number of equities analysts have recently weighed in on TX shares. Zacks Investment Research upgraded Ternium from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Wednesday, July 5th. BidaskClub upgraded Ternium from a “sell” rating to a “hold” rating in a report on Friday, June 30th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $35.00 target price (up previously from $33.00) on shares of Ternium in a report on Friday, July 21st. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $24.00 target price on shares of Ternium in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.50.

About Ternium

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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