Donald Smith & CO. Inc. Buys New Position in Ternium S.A. $TX

Donald Smith & CO. Inc. bought a new stake in Ternium S.A. (NYSE:TX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,141,248 shares of the basic materials company’s stock, valued at approximately $134,131,000. Ternium makes up 2.4% of Donald Smith & CO. Inc.’s portfolio, making the stock its 20th largest holding. Donald Smith & CO. Inc. owned about 1.57% of Ternium as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Amundi lifted its position in shares of Ternium by 19.9% in the first quarter. Amundi now owns 703,304 shares of the basic materials company’s stock worth $28,238,000 after purchasing an additional 116,813 shares in the last quarter. Militia Capital Management LLC bought a new position in Ternium in the first quarter valued at $1,486,000. Empowered Funds LLC grew its position in Ternium by 69.4% in the first quarter. Empowered Funds LLC now owns 161,171 shares of the basic materials company’s stock valued at $6,471,000 after purchasing an additional 66,042 shares in the last quarter. Lazard Asset Management LLC increased its stake in Ternium by 8.0% in the 1st quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company’s stock valued at $254,395,000 after buying an additional 469,846 shares during the last quarter. Finally, Empirical Finance LLC increased its stake in Ternium by 69.4% in the 1st quarter. Empirical Finance LLC now owns 161,171 shares of the basic materials company’s stock valued at $6,471,000 after buying an additional 66,042 shares during the last quarter. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Stock Performance

NYSE TX opened at $55.48 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average price is $47.87 and its two-hundred day moving average price is $44.89. Ternium S.A. has a 1 year low of $32.11 and a 1 year high of $58.24. The firm has a market capitalization of $11.12 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 0.17 and a beta of 1.25.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, June 30th. The basic materials company reported $1.80 EPS for the quarter. The company had revenue of $4.34 billion during the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. As a group, research analysts anticipate that Ternium S.A. will post 6.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TX shares. Wells Fargo & Company raised shares of Ternium from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $43.00 to $45.00 in a research report on Thursday, July 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Ternium in a report on Monday. Itau BBA Securities upgraded Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 target price on the stock in a report on Sunday, May 24th. Bradesco Corretora upgraded Ternium to an “outperform” rating and set a $62.00 target price on the stock in a report on Tuesday, May 19th. Finally, Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.50.

Ternium 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.