Blue Trust Inc. Boosts Holdings in Ternium S.A. (NYSE:TX)

Blue Trust Inc. grew its position in shares of Ternium S.A. (NYSE:TX) by 216.9% during the third quarter, HoldingsChannel reports. The firm owned 4,535 shares of the basic materials company’s stock after buying an additional 3,104 shares during the period. Blue Trust Inc.’s holdings in Ternium were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TX. Principal Financial Group Inc. raised its stake in shares of Ternium by 42.1% during the first quarter. Principal Financial Group Inc. now owns 56,792 shares of the basic materials company’s stock valued at $2,364,000 after purchasing an additional 16,812 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Ternium during the first quarter worth approximately $1,064,000. SG Americas Securities LLC acquired a new stake in shares of Ternium during the first quarter worth approximately $107,000. Inspire Investing LLC grew its position in shares of Ternium by 17.6% during the first quarter. Inspire Investing LLC now owns 36,320 shares of the basic materials company’s stock worth $1,512,000 after buying an additional 5,448 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Ternium by 2.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,751 shares of the basic materials company’s stock worth $1,699,000 after buying an additional 1,067 shares in the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Ternium from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.33.

Ternium Stock Performance

Ternium stock opened at $35.47 on Friday. Ternium S.A. has a 12 month low of $30.68 and a 12 month high of $44.44. The company has a market cap of $7.11 billion, a PE ratio of -10.05, a P/E/G ratio of 0.21 and a beta of 1.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57. The company has a fifty day moving average price of $34.77 and a two-hundred day moving average price of $37.58.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, July 30th. The basic materials company reported ($0.11) EPS for the quarter, missing the consensus estimate of $1.25 by ($1.36). The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.57 billion. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.19 EPS. Research analysts expect that Ternium S.A. will post 4.41 earnings per share for the current 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.