Oldfield Partners LLP Has $51.22 Million Stake in Ternium S.A. (TX)

Oldfield Partners LLP lifted its position in shares of Ternium S.A. (NYSE:TX) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,655,954 shares of the basic materials company’s stock after acquiring an additional 22,400 shares during the quarter. Ternium accounts for approximately 4.1% of Oldfield Partners LLP’s investment portfolio, making the stock its 9th biggest holding. Oldfield Partners LLP owned approximately 0.84% of Ternium worth $51,219,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TX. Stevens Capital Management LP acquired a new stake in shares of Ternium during the 3rd quarter worth approximately $238,000. Edinburgh Partners Ltd increased its holdings in shares of Ternium by 246.2% during the 3rd quarter. Edinburgh Partners Ltd now owns 36,000 shares of the basic materials company’s stock worth $1,113,000 after buying an additional 25,600 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Ternium by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 148,785 shares of the basic materials company’s stock worth $4,602,000 after buying an additional 7,621 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Ternium during the 3rd quarter worth approximately $6,748,000. Finally, State of New Jersey Common Pension Fund D increased its holdings in Ternium by 87.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 45,322 shares of the basic materials company’s stock valued at $1,402,000 after purchasing an additional 21,194 shares during the last quarter. 19.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ternium S.A. (TX) traded up $0.01 on Thursday, hitting $27.17. 480,800 shares of the company traded hands, compared to its average volume of 418,143. Ternium S.A. has a fifty-two week low of $21.62 and a fifty-two week high of $33.39. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5,510.00, a P/E ratio of 6.48 and a beta of 1.12.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.33. Ternium had a net margin of 9.86% and a return on equity of 15.49%. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The business’s quarterly revenue was up 33.6% compared to the same quarter last year. equities research analysts expect that Ternium S.A. will post 3.98 earnings per share for the current fiscal year.

TX has been the subject of several recent research reports. BidaskClub cut shares of Ternium from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of Ternium from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Credit Suisse Group reissued a “hold” rating and issued a $24.00 price target on shares of Ternium in a research report on Thursday, August 3rd. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $35.00 price target (up from $33.00) on shares of Ternium in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Ternium currently has a consensus rating of “Hold” and an average target price of $30.50.

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Ternium Profile

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

Institutional Ownership by Quarter for Ternium (NYSE:TX)

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