Empirical Finance LLC Acquires 66,042 Shares of Ternium S.A. $TX

Empirical Finance LLC boosted its stake in Ternium S.A. (NYSE:TX) by 69.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,171 shares of the basic materials company’s stock after purchasing an additional 66,042 shares during the period. Empirical Finance LLC’s holdings in Ternium were worth $6,471,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Lazard Asset Management LLC grew its position in shares of Ternium by 8.5% in the 3rd quarter. Lazard Asset Management LLC now owns 5,813,570 shares of the basic materials company’s stock valued at $201,905,000 after buying an additional 454,798 shares during the last quarter. Cape Ann Asset Management Ltd lifted its stake in shares of Ternium by 20.5% in 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 acquiring an additional 182,000 shares during the period. Millennium Management LLC lifted its stake in shares of Ternium by 569.4% in the first quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock worth $3,952,000 after acquiring an additional 107,880 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Ternium by 586.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 97,202 shares of the basic materials company’s stock valued at $3,903,000 after acquiring an additional 83,041 shares during the last quarter. Finally, Donald Smith & CO. Inc. increased its position in Ternium by 1.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company’s stock valued at $145,452,000 after purchasing an additional 66,062 shares during the period. 11.98% of the stock is owned by institutional investors.

Ternium Stock Up 0.3%

Shares of NYSE TX opened at $47.30 on Friday. The stock has a market capitalization of $9.48 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.17 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.63 and a quick ratio of 1.53. Ternium S.A. has a 1 year low of $30.44 and a 1 year high of $51.73. The company has a 50-day moving average price of $46.00 and a 200-day moving average price of $43.42.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $57.00 target price on shares of Ternium in a report on Friday, May 22nd. Zacks Research upgraded Ternium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 16th. Itau BBA Securities raised Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a research note on Sunday, May 24th. Bradesco Corretora raised shares of Ternium to an “outperform” rating and set a $62.00 price objective for the company in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company upgraded shares of Ternium from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $43.00 to $45.00 in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Ternium currently 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.