Ninety One North America Inc. Grows Stock Position in Ternium S.A. (NYSE:TX)

Ninety One North America Inc. raised its holdings in Ternium S.A. (NYSE:TX) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 863,284 shares of the basic materials company’s stock after buying an additional 6,342 shares during the quarter. Ternium comprises 1.6% of Ninety One North America Inc.’s holdings, making the stock its 27th largest position. Ninety One North America Inc.’s holdings in Ternium were worth $25,104,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Ternium by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company’s stock worth $11,437,000 after purchasing an additional 5,000 shares during the last quarter. R Squared Ltd acquired a new stake in Ternium during the fourth quarter worth about $88,000. Principal Financial Group Inc. grew its holdings in Ternium by 37.9% in the third quarter. Principal Financial Group Inc. now owns 81,679 shares of the basic materials company’s stock valued at $3,015,000 after purchasing an additional 22,450 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Ternium in the third quarter valued at approximately $6,743,000. Finally, State Street Corp grew its holdings in Ternium by 422.1% in the third quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock valued at $6,443,000 after purchasing an additional 141,134 shares during the period. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Ternium Trading Down 0.0 %

Shares of NYSE TX opened at $30.71 on Tuesday. Ternium S.A. has a twelve month low of $28.37 and a twelve month high of $44.44. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $30.08 and a 200-day simple moving average of $33.05. The stock has a market capitalization of $6.03 billion, a PE ratio of 76.89, a PEG ratio of 0.34 and a beta of 1.76.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the previous year, the firm posted $1.38 earnings per share. The company’s revenue was down 13.6% on a year-over-year basis. On average, equities analysts forecast that Ternium S.A. will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

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.