Sanctuary Advisors LLC Purchases Shares of 19,231 Ternium S.A. $TX

Sanctuary Advisors LLC purchased a new stake in shares of Ternium S.A. (NYSE:TX) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,231 shares of the basic materials company’s stock, valued at approximately $772,000.

Several other institutional investors have also recently made changes to their positions in TX. EverSource Wealth Advisors LLC boosted its holdings in shares of Ternium by 49.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock worth $27,000 after buying an additional 232 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in Ternium during the fourth quarter valued at approximately $36,000. Camelot Portfolios LLC purchased a new stake in Ternium during the fourth quarter valued at approximately $38,000. Advisory Services Network LLC purchased a new stake in Ternium during the third quarter valued at approximately $38,000. Finally, JPMorgan Chase & Co. increased its holdings in Ternium by 142.1% during the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock valued at $44,000 after buying an additional 736 shares during the last quarter. Institutional investors own 11.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Wells Fargo & Company upgraded Ternium from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $43.00 to $45.00 in a research note on Thursday, July 9th. Itau BBA Securities upgraded Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price objective for the company in a research note on Sunday, May 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ternium in a report on Wednesday, May 20th. Finally, Zacks Research raised Ternium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.94.

Ternium Stock Up 0.0%

TX opened at $47.30 on Monday. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 0.17 and a beta of 1.29. 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 fifty day moving average is $46.00 and its 200 day moving average is $43.45. Ternium S.A. has a fifty-two week low of $30.44 and a fifty-two week high of $51.73.

Ternium (NYSE:TX) last issued 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 during the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%. On average, sell-side analysts forecast that Ternium S.A. will post 5.71 earnings per share 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.