GSA Capital Partners LLP Buys Shares of 25,554 Ternium S.A. (NYSE:TX)

GSA Capital Partners LLP acquired a new position in shares of Ternium S.A. (NYSE:TX) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,554 shares of the basic materials company’s stock, valued at approximately $1,064,000.

Several other institutional investors have also recently added to or reduced their stakes in TX. Allspring Global Investments Holdings LLC raised its position in Ternium by 20,865.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 220,765 shares of the basic materials company’s stock worth $9,188,000 after acquiring an additional 219,712 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Ternium by 277.7% during the 4th quarter. Allianz Asset Management GmbH now owns 196,082 shares of the basic materials company’s stock worth $8,328,000 after purchasing an additional 144,171 shares during the last quarter. Contrarian Capital Management L.L.C. boosted its position in Ternium by 8.9% during the 4th quarter. Contrarian Capital Management L.L.C. now owns 1,117,981 shares of the basic materials company’s stock valued at $47,481,000 after purchasing an additional 91,629 shares during the period. Oaktree Capital Management LP boosted its position in Ternium by 7.4% during the 4th quarter. Oaktree Capital Management LP now owns 958,237 shares of the basic materials company’s stock worth $40,696,000 after acquiring an additional 66,082 shares during the period. Finally, Wellington Management Group LLP boosted its position in Ternium by 25.6% during the 4th quarter. Wellington Management Group LLP now owns 248,980 shares of the basic materials company’s stock worth $10,574,000 after acquiring an additional 50,743 shares during the period. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Analyst Upgrades and Downgrades

TX has been the subject of several research analyst reports. StockNews.com upgraded Ternium from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. upped their price target on Ternium from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, The Goldman Sachs Group upped their price target on Ternium from $49.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Ternium currently has an average rating of “Buy” and a consensus price target of $52.33.

Ternium Stock Up 1.4 %

TX stock traded up $0.50 during mid-day trading on Wednesday, hitting $37.00. The stock had a trading volume of 35,444 shares, compared to its average volume of 213,716. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.08. Ternium S.A. has a 1-year low of $35.22 and a 1-year high of $45.58. The company has a fifty day moving average of $40.11 and a 200 day moving average of $40.42. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.19 and a beta of 1.79.

Ternium (NYSE:TX) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.54. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.77 billion. Ternium had a return on equity of 10.21% and a net margin of 3.53%. The business’s revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 EPS. On average, equities analysts expect that Ternium S.A. will post 7.95 EPS for the current fiscal year.

Ternium Profile

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.