Ternium S.A. $TX Stake Boosted by Cape Ann Asset Management Ltd

Cape Ann Asset Management Ltd grew its stake in shares of Ternium S.A. (NYSE:TX) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,068,649 shares of the basic materials company’s stock after acquiring an additional 182,000 shares during the period. Ternium accounts for 11.1% of Cape Ann Asset Management Ltd’s investment portfolio, making the stock its 4th biggest holding. Cape Ann Asset Management Ltd’s holdings in Ternium were worth $40,812,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TX. EverSource Wealth Advisors LLC lifted its stake in shares of Ternium by 49.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 232 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in shares of Ternium in the 4th quarter valued at $38,000. Advisory Services Network LLC acquired a new stake in shares of Ternium in the 3rd quarter valued at $38,000. JPMorgan Chase & Co. lifted its stake in shares of Ternium by 142.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 736 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Ternium by 56.4% in the 4th quarter. GAMMA Investing LLC now owns 1,659 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 598 shares during the last quarter. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TX has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ternium in a research note on Wednesday, May 20th. Bradesco Corretora raised shares of Ternium to an “outperform” rating and set a $62.00 price objective for the company in a research note on Tuesday, May 19th. Wells Fargo & Company lifted their price objective on shares of Ternium from $36.00 to $43.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Finally, Scotiabank reissued a “sector perform” rating and set a $40.00 target price on shares of Ternium in a research report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.35.

Ternium Price Performance

Shares of TX stock opened at $49.51 on Friday. Ternium S.A. has a 52-week low of $28.56 and a 52-week high of $51.73. The stock has a market cap of $9.92 billion, a PE ratio of 17.01, 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. The firm’s 50 day moving average price is $44.98 and its two-hundred day moving average price is $41.94.

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