3,141,248 Shares in Ternium S.A. $TX Acquired by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. purchased a new stake in Ternium S.A. (NYSE:TX) during the second quarter, HoldingsChannel reports. The firm purchased 3,141,248 shares of the basic materials company’s stock, valued at approximately $134,131,000. Ternium comprises 2.4% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 20th largest position.

A number of other large investors have also added to or reduced their stakes in the business. Oldfield Partners LLP boosted its position in Ternium by 11.3% during the second quarter. Oldfield Partners LLP now owns 26,161 shares of the basic materials company’s stock worth $1,117,000 after purchasing an additional 2,666 shares during the period. GAMMA Investing LLC increased its holdings in shares of Ternium by 18.0% in the second quarter. GAMMA Investing LLC now owns 2,166 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 331 shares during the last quarter. Empowered Funds LLC raised its position in shares of Ternium by 69.4% in the first quarter. Empowered Funds 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 during the period. Militia Capital Management LLC bought a new position in shares of Ternium in the first quarter valued at about $1,486,000. Finally, Parallel Advisors LLC lifted its stake in shares of Ternium by 101.2% during the 1st quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. Institutional investors own 11.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TX shares. Itau BBA Securities raised shares of Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 target price for the company in a report on Sunday, May 24th. Zacks Research cut shares of Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Ternium in a research report on Monday. HSBC restated a “buy” rating and set a $55.00 price objective on shares of Ternium in a report on Friday. Finally, Wells Fargo & Company raised Ternium from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $43.00 to $45.00 in a research report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.50.

Ternium Stock Up 2.3%

TX opened at $55.48 on Friday. Ternium S.A. has a fifty-two week low of $32.11 and a fifty-two week high of $58.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.43 and a current ratio of 2.58. The company has a market capitalization of $11.12 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.17 and a beta of 1.25. The stock has a fifty day moving average of $47.87 and a 200-day moving average of $44.89.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, June 30th. The basic materials company reported $1.80 EPS for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. The business had revenue of $4.34 billion for the quarter. On average, equities analysts expect that Ternium S.A. will post 6.07 EPS for the current year.

Ternium 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.