Ritholtz Wealth Management Has $233,000 Stock Holdings in Ternium S.A. (NYSE:TX)

Ritholtz Wealth Management cut its holdings in shares of Ternium S.A. (NYSE:TX) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,300 shares of the basic materials company’s stock after selling 390 shares during the period. Ritholtz Wealth Management’s holdings in Ternium were worth $233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in Ternium by 72.1% during the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 385 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Ternium by 3,152.3% during the second quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 1,387 shares in the last quarter. SG Americas Securities LLC purchased a new position in Ternium during the first quarter worth about $107,000. Virtus Investment Advisers Inc. bought a new stake in Ternium in the 1st quarter worth about $202,000. Finally, Caprock Group LLC purchased a new stake in Ternium in the 2nd quarter valued at about $295,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ternium Stock Performance

NYSE TX opened at $35.66 on Friday. The company has a market capitalization of $7.15 billion, a PE ratio of -10.10, a price-to-earnings-growth ratio of 0.23 and a beta of 1.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.57 and a current ratio of 2.74. Ternium S.A. has a 52-week low of $30.68 and a 52-week high of $44.44. The company has a 50-day simple moving average of $34.72 and a 200 day simple moving average of $37.92.

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

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.