Militia Capital Management LLC Acquires New Position in Ternium S.A. $TX

Militia Capital Management LLC acquired a new stake in Ternium S.A. (NYSE:TX) in the first quarter, Holdings Channel.com reports. The fund acquired 37,000 shares of the basic materials company’s stock, valued at approximately $1,486,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Ternium by 49.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 232 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Ternium by 101.2% in the 1st quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after buying an additional 405 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Ternium during the 4th quarter worth approximately $36,000. Camelot Portfolios LLC acquired a new stake in shares of Ternium during the 4th quarter worth approximately $38,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Ternium during the 3rd quarter valued at approximately $38,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Stock Performance

Shares of TX stock opened at $49.26 on Monday. The firm’s 50 day moving average price is $46.45 and its 200-day moving average price is $43.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.63. Ternium S.A. has a one year low of $30.44 and a one year high of $51.73. The firm has a market cap of $9.87 billion, a P/E ratio of 16.93, a P/E/G ratio of 0.18 and a beta of 1.25.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on TX. Bank of America upgraded Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Monday, April 13th. Zacks Research cut Ternium from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Ternium in a research report on Wednesday, May 20th. Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $57.00 price target on shares of Ternium in a report on Friday, May 22nd. One equities research 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. According to data from MarketBeat, Ternium presently has a consensus rating of “Moderate Buy” and an average price target of $47.94.

About Ternium

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.