Principal Financial Group Inc. Buys 16,812 Shares of Ternium S.A. (NYSE:TX)

Principal Financial Group Inc. increased its position in shares of Ternium S.A. (NYSE:TXFree Report) by 42.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,792 shares of the basic materials company’s stock after purchasing an additional 16,812 shares during the quarter. Principal Financial Group Inc.’s holdings in Ternium were worth $2,364,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TX. Key Financial Inc boosted its position in shares of Ternium by 5,900.0% during the 4th quarter. Key Financial Inc now owns 600 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 590 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Ternium in the 4th quarter valued at $30,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Ternium by 49.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company’s stock worth $45,000 after buying an additional 350 shares in the last quarter. Activest Wealth Management bought a new stake in shares of Ternium during the 1st quarter worth $44,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Ternium by 19.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock valued at $75,000 after buying an additional 287 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Trading Down 0.9 %

Shares of NYSE TX traded down $0.34 during trading on Friday, reaching $37.67. The company had a trading volume of 34,850 shares, compared to its average volume of 215,768. The stock has a market cap of $7.55 billion, a P/E ratio of 11.28, a PEG ratio of 0.19 and a beta of 1.79. The company’s fifty day moving average price is $40.46 and its 200-day moving average price is $40.57. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.08. Ternium S.A. has a 12 month low of $35.22 and a 12 month high of $45.58.

Ternium (NYSE:TXGet Free Report) last released its earnings results on Wednesday, April 24th. The basic materials company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.54. Ternium had a net margin of 3.53% and a return on equity of 10.21%. The business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.77 billion. During the same quarter in the prior year, the firm posted $1.91 EPS. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. As a group, research analysts expect that Ternium S.A. will post 7.95 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Ternium from $49.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. StockNews.com raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. increased their price target on Ternium from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $52.33.

Get Our Latest Research Report on Ternium

Ternium Profile

(Free Report)

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.

See Also

Institutional Ownership by Quarter for Ternium (NYSE:TX)

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