BB&T Securities LLC purchased a new position in Ternium SA (NYSE:TX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,164 shares of the basic materials company’s stock, valued at approximately $214,000.

Other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of Ternium by 100.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 596,171 shares of the basic materials company’s stock valued at $20,651,000 after purchasing an additional 298,765 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Ternium by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 617,225 shares of the basic materials company’s stock valued at $21,492,000 after purchasing an additional 15,057 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Ternium by 145.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,776 shares of the basic materials company’s stock valued at $689,000 after purchasing an additional 11,715 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Ternium by 13.4% during the 1st quarter. Franklin Resources Inc. now owns 1,594,581 shares of the basic materials company’s stock valued at $51,808,000 after purchasing an additional 188,300 shares in the last quarter. Finally, Deltec Asset Management LLC bought a new stake in shares of Ternium during the 1st quarter valued at about $1,862,000. 17.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of TX opened at $29.88 on Thursday. The stock has a market cap of $5.86 billion, a PE ratio of 6.62, a P/E/G ratio of 0.56 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.67 and a current ratio of 1.60. Ternium SA has a 1-year low of $25.52 and a 1-year high of $42.43.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, July 31st. The basic materials company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.13). The company had revenue of $3.13 billion for the quarter. Ternium had a net margin of 9.42% and a return on equity of 17.93%. research analysts expect that Ternium SA will post 6.67 EPS for the current year.

A number of brokerages have recently weighed in on TX. ValuEngine lowered shares of Ternium from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. Bank of America reaffirmed an “underperform” rating and set a $32.00 target price on shares of Ternium in a research note on Thursday, August 16th. Finally, Zacks Investment Research lowered shares of Ternium from a “buy” rating to a “hold” rating in a research note on Sunday, July 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $40.67.

About Ternium

Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.

See Also: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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