Lazard Asset Management LLC raised its holdings in shares of Ternium S.A. (NYSE:TX – Free Report) 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.
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.
Get Our Latest Stock Report on TX
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.
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