O Shaughnessy Asset Management LLC Purchased 689 Shares of Ternium SA (TX)

O Shaughnessy Asset Management LLC Purchased 689 Shares of Ternium SA (TX)

O Shaughnessy Asset Management LLC increased its stake in shares of Ternium SA (NYSE:TX) by 3.6% during the first quarter, Holdings Channel reports. The fund owned 20,062 shares of the basic materials company’s stock after buying an additional 689 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Ternium SA were worth $524,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TX. World Asset Management Inc increased its position in shares of Ternium SA by 0.3% in the first quarter. World Asset Management Inc now owns 12,437 shares of the basic materials company’s stock valued at $325,000 after buying an additional 41 shares during the last quarter. Comerica Bank increased its position in shares of Ternium SA by 1.3% in the first quarter. Comerica Bank now owns 11,493 shares of the basic materials company’s stock valued at $293,000 after buying an additional 149 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Ternium SA by 6.5% in the first quarter. Ameriprise Financial Inc. now owns 10,772 shares of the basic materials company’s stock valued at $281,000 after buying an additional 654 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Ternium SA by 3.8% in the first quarter. Nationwide Fund Advisors now owns 65,149 shares of the basic materials company’s stock valued at $1,702,000 after buying an additional 2,382 shares during the last quarter. Finally, DnB Asset Management AS increased its position in shares of Ternium SA by 12.1% in the first quarter. DnB Asset Management AS now owns 24,000 shares of the basic materials company’s stock valued at $627,000 after buying an additional 2,600 shares during the last quarter. 22.64% of the stock is owned by institutional investors and hedge funds.

Ternium SA (NYSE:TX) traded up 0.35% during trading on Monday, hitting $25.87. 155,008 shares of the stock traded hands. The company has a 50-day moving average price of $25.19 and a 200-day moving average price of $24.90. The stock has a market cap of $5.08 billion, a PE ratio of 6.66 and a beta of 1.16. Ternium SA has a 12 month low of $17.63 and a 12 month high of $28.04.

Ternium SA (NYSE:TX) last posted its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.52. Ternium SA had a net margin of 5.29% and a return on equity of 11.49%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business posted $0.48 EPS. The firm’s revenue was up 23.2% compared to the same quarter last year. Equities research analysts expect that Ternium SA will post $3.08 EPS for the current year.

The company also recently declared a dividend, which was paid on Tuesday, May 9th. Investors of record on Tuesday, May 9th were issued a dividend of $1.00 per share. This is a positive change from Ternium SA’s previous dividend of $0.90. The ex-dividend date of this dividend was Friday, May 5th. Ternium SA’s dividend payout ratio is currently 50.28%.

Several equities analysts recently commented on the stock. Credit Suisse Group AG set a $24.00 price objective on shares of Ternium SA and gave the company a “hold” rating in a research note on Saturday, February 11th. Zacks Investment Research downgraded shares of Ternium SA from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. HSBC Holdings plc raised shares of Ternium SA from a “hold” rating to a “buy” rating and increased their price objective for the company from $25.00 to $31.00 in a research note on Thursday, February 23rd. Finally, Berenberg Bank reissued a “buy” rating and issued a $30.50 price objective on shares of Ternium SA in a research note on Sunday, February 19th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $28.20.

Ternium SA Company Profile

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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