Donald Smith & CO. Inc. Acquires 66,062 Shares of Ternium S.A. $TX

Donald Smith & CO. Inc. lifted its holdings in shares of Ternium S.A. (NYSE:TX) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 3,808,645 shares of the basic materials company’s stock after purchasing an additional 66,062 shares during the quarter. Ternium comprises 2.7% of Donald Smith & CO. Inc.’s holdings, making the stock its 13th largest position. Donald Smith & CO. Inc.’s holdings in Ternium were worth $145,452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TX. Royal Bank of Canada boosted its position in shares of Ternium by 31.5% during the 1st quarter. Royal Bank of Canada now owns 26,965 shares of the basic materials company’s stock valued at $840,000 after purchasing an additional 6,453 shares in the last quarter. Millennium Management LLC boosted its position in shares of Ternium by 569.4% during the 1st quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock valued at $3,952,000 after purchasing an additional 107,880 shares in the last quarter. Invesco Ltd. boosted its position in shares of Ternium by 58.4% during the 2nd quarter. Invesco Ltd. now owns 22,257 shares of the basic materials company’s stock valued at $670,000 after purchasing an additional 8,204 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Ternium during the 2nd quarter valued at about $214,000. Finally, Militia Capital Partners LP boosted its position in shares of Ternium by 16.1% during the 2nd quarter. Militia Capital Partners LP now owns 36,084 shares of the basic materials company’s stock valued at $1,086,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Ternium from $36.00 to $43.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Bank of America upgraded Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, April 13th. UBS Group increased their price target on Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Itau BBA Securities upgraded Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a report on Sunday, May 24th. Finally, Wall Street Zen upgraded Ternium from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ternium has a consensus rating of “Moderate Buy” and a consensus price target of $46.35.

Ternium Stock Down 1.7%

Shares of NYSE:TX opened at $47.20 on Thursday. The business’s 50 day simple moving average is $44.63 and its two-hundred day simple moving average is $41.79. The firm has a market cap of $9.46 billion, a P/E ratio of 16.22, a PEG ratio of 0.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.63. Ternium S.A. has a 52-week low of $28.56 and a 52-week high of $51.73.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter. The business had revenue of $3.93 billion for the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%. As a group, research analysts forecast that Ternium S.A. will post 4.73 EPS for the current fiscal year.

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.