Principal Financial Group Inc. Has $5.11 Million Holdings in Ternium S.A. $TX

Principal Financial Group Inc. grew its holdings in shares of Ternium S.A. (NYSE:TX) by 13.7% in the 3rd quarter, Holdings Channel reports. The fund owned 147,034 shares of the basic materials company’s stock after buying an additional 17,737 shares during the period. Principal Financial Group Inc.’s holdings in Ternium were worth $5,106,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TX. GAMMA Investing LLC grew its holdings in shares of Ternium by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 303 shares during the last quarter. Blue Trust Inc. boosted its position in Ternium by 17.5% in the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company’s stock valued at $78,000 after buying an additional 335 shares in the last quarter. State of Wyoming bought a new stake in shares of Ternium during the second quarter worth $119,000. Rexford Capital Inc. acquired a new position in shares of Ternium during the second quarter worth $121,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Ternium by 1,361.0% during the second quarter. Hantz Financial Services Inc. now owns 6,998 shares of the basic materials company’s stock worth $211,000 after buying an additional 6,519 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Trading Down 2.1%

NYSE TX opened at $43.75 on Friday. The firm has a market capitalization of $8.77 billion, a PE ratio of 14.73 and a beta of 1.34. The business’s 50-day moving average price is $40.77 and its two-hundred day moving average price is $36.92. The company has a current ratio of 2.46, a quick ratio of 1.42 and a debt-to-equity ratio of 0.10. Ternium S.A. has a 12 month low of $24.00 and a 12 month high of $45.57.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen downgraded Ternium from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Wells Fargo & Company increased their target price on Ternium from $30.00 to $34.00 and gave the company an “underweight” rating in a research report on Wednesday, January 21st. Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ternium in a research note on Wednesday, January 21st. Finally, UBS Group raised their price objective on shares of Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.06.

Ternium Company Profile

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.