Lazard Asset Management LLC Grows Position in Ternium S.A. (NYSE:TX)

Lazard Asset Management LLC raised its holdings in shares of Ternium S.A. (NYSE:TX) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,196,107 shares of the basic materials company’s stock after purchasing an additional 56,379 shares during the quarter. Lazard Asset Management LLC owned approximately 1.59% of Ternium worth $133,021,000 as of its most recent filing with the Securities & Exchange Commission.

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

Ternium Price Performance

Shares of TX stock traded up $0.20 during trading on Friday, hitting $36.17. The company had a trading volume of 191,844 shares, compared to its average volume of 163,142. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.08. The stock’s 50-day moving average is $38.72 and its two-hundred day moving average is $39.93. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.24 and a beta of 1.79. Ternium S.A. has a 52 week low of $35.22 and a 52 week high of $45.20.

Ternium (NYSE:TX) last issued its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.54. Ternium had a net margin of 3.53% and a return on equity of 10.21%. The business had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.77 billion. During the same period last year, the business earned $1.91 earnings per share. The business’s quarterly revenue was up 31.9% on a year-over-year basis. As a group, analysts predict that Ternium S.A. will post 7.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Ternium from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th. The Goldman Sachs Group increased their price target on shares of Ternium from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ternium from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $52.33.

Ternium Company 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.