Lazard Asset Management LLC Buys 469,846 Shares of Ternium S.A. $TX

Lazard Asset Management LLC increased its stake in Ternium S.A. (NYSE:TX) by 8.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,336,127 shares of the basic materials company’s stock after buying an additional 469,846 shares during the period. Lazard Asset Management LLC’s holdings in Ternium were worth $254,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Donald Smith & CO. Inc. boosted its position in Ternium by 1.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company’s stock valued at $145,452,000 after acquiring an additional 66,062 shares in the last quarter. Cape Ann Asset Management Ltd lifted its stake in shares of Ternium by 20.5% in the 4th quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock valued at $40,812,000 after purchasing an additional 182,000 shares during the period. Amundi lifted its stake in shares of Ternium by 4.2% in the 4th quarter. Amundi now owns 586,491 shares of the basic materials company’s stock valued at $22,398,000 after purchasing an additional 23,578 shares during the period. Empirical Finance LLC boosted its position in shares of Ternium by 69.4% during the first quarter. Empirical Finance LLC now owns 161,171 shares of the basic materials company’s stock valued at $6,471,000 after purchasing an additional 66,042 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Ternium by 569.4% during the first quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock valued at $3,952,000 after purchasing an additional 107,880 shares in the last quarter. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TX shares. Wells Fargo & Company upgraded Ternium from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $43.00 to $45.00 in a report on Thursday, July 9th. Zacks Research upgraded shares of Ternium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Bradesco Corretora raised shares of Ternium to an “outperform” rating and set a $62.00 target price on the stock in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $57.00 price target on shares of Ternium in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Ternium has a consensus rating of “Moderate Buy” and a consensus target price of $47.94.

Ternium Stock Up 0.0%

Shares of NYSE:TX opened at $47.30 on Monday. The company has a current ratio of 2.63, a quick ratio of 1.53 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $46.00 and a two-hundred day simple moving average of $43.45. Ternium S.A. has a 12-month low of $30.44 and a 12-month high of $51.73. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.17 and a beta of 1.29.

Ternium (NYSE:TX) last released its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%.The firm had revenue of $3.93 billion for the quarter. On average, research analysts anticipate that Ternium S.A. will post 5.71 earnings per share for the current fiscal 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.