Public Employees Retirement System of Ohio Sells 40,352 Shares of Ternium S.A. $TX

Public Employees Retirement System of Ohio lowered its position in shares of Ternium S.A. (NYSE:TX) by 45.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,233 shares of the basic materials company’s stock after selling 40,352 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ternium were worth $1,937,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its position in shares of Ternium by 586.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 97,202 shares of the basic materials company’s stock worth $3,903,000 after buying an additional 83,041 shares during the period. Militia Capital Management LLC purchased a new position in Ternium during the 1st quarter valued at about $1,486,000. Parallel Advisors LLC boosted its stake in Ternium by 101.2% during the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 405 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Ternium during the first quarter worth about $772,000. Finally, QRG Capital Management Inc. boosted its stake in Ternium by 7.1% during the first quarter. QRG Capital Management Inc. now owns 7,549 shares of the basic materials company’s stock worth $303,000 after acquiring an additional 501 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TX. Bradesco Corretora raised shares of Ternium to an “outperform” rating and set a $62.00 target price for the company in a research note on Tuesday, May 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ternium in a research report on Wednesday, May 20th. Wells Fargo & Company upgraded Ternium from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $43.00 to $45.00 in a research note on Thursday, July 9th. Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Bank of America upgraded Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.94.

Ternium Trading Up 0.3%

Shares of NYSE:TX opened at $49.26 on Friday. Ternium S.A. has a 1 year low of $30.44 and a 1 year high of $51.73. The stock’s fifty day moving average price is $46.45 and its 200-day moving average price is $43.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.63 and a quick ratio of 1.53. The company has a market cap of $9.87 billion, a P/E ratio of 16.93, a PEG ratio of 0.18 and a beta of 1.29.

Ternium (NYSE:TX) last posted its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter. The business had revenue of $3.93 billion for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. Sell-side analysts expect that Ternium S.A. will post 5.71 earnings per share for the current year.

Ternium Company Profile

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.