Ternium S.A. $TX Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its stake in shares of Ternium S.A. (NYSE:TX) by 69.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 161,171 shares of the basic materials company’s stock after acquiring an additional 66,042 shares during the period. Empowered Funds LLC’s holdings in Ternium were worth $6,471,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its position in Ternium by 8.0% during the 1st quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company’s stock worth $254,395,000 after acquiring an additional 469,846 shares during the period. Empirical Finance LLC grew its stake in shares of 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 purchasing an additional 66,042 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Ternium by 17.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 118,482 shares of the basic materials company’s stock valued at $4,525,000 after purchasing an additional 17,461 shares during the period. Militia Capital Management LLC acquired a new position in shares of Ternium in the first quarter valued at approximately $1,486,000. Finally, Cape Ann Asset Management Ltd raised its stake in shares of Ternium by 20.5% during the fourth quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock worth $40,812,000 after purchasing an additional 182,000 shares during the last quarter. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Stock Performance

Shares of TX stock opened at $49.26 on Friday. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 0.18 and a beta of 1.29. The stock has a 50 day simple moving average of $46.45 and a 200-day simple moving average of $43.72. Ternium S.A. has a 12-month low of $30.44 and a 12-month high of $51.73. The company has a current ratio of 2.63, a quick ratio of 1.53 and a debt-to-equity ratio of 0.14.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%.The business had revenue of $3.93 billion during the quarter. On average, equities analysts forecast that Ternium S.A. will post 5.71 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TX. Itau BBA Securities raised Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price target for the company in a report on Sunday, May 24th. The Goldman Sachs Group reissued a “buy” rating and issued a $57.00 price objective on shares of Ternium in a research note on Friday, May 22nd. Wall Street Zen upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Weiss Ratings restated a “buy (b-)” rating on shares of Ternium in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company upgraded shares of Ternium from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $43.00 to $45.00 in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ternium presently has an average rating of “Moderate Buy” and a consensus price target of $47.94.

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.