Crossmark Global Holdings Inc. Has $6.19 Million Stock Holdings in Ternium S.A. (NYSE:TX)

Crossmark Global Holdings Inc. reduced its stake in Ternium S.A. (NYSE:TX) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,728 shares of the basic materials company’s stock after selling 3,918 shares during the period. Crossmark Global Holdings Inc. owned 0.08% of Ternium worth $6,185,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TX. Lazard Asset Management LLC raised its holdings in Ternium by 1.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,196,107 shares of the basic materials company’s stock valued at $133,021,000 after acquiring an additional 56,379 shares during the period. Ninety One UK Ltd grew its position in shares of Ternium by 0.6% in the second quarter. Ninety One UK Ltd now owns 1,691,042 shares of the basic materials company’s stock valued at $63,499,000 after purchasing an additional 10,375 shares during the last quarter. Contrarian Capital Management L.L.C. lifted its holdings in Ternium by 8.9% during the 4th quarter. Contrarian Capital Management L.L.C. now owns 1,117,981 shares of the basic materials company’s stock worth $47,481,000 after purchasing an additional 91,629 shares during the last quarter. Oaktree Capital Management LP boosted its stake in Ternium by 7.4% in the 4th quarter. Oaktree Capital Management LP now owns 958,237 shares of the basic materials company’s stock valued at $40,696,000 after purchasing an additional 66,082 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Ternium by 25.6% in the 4th quarter. Wellington Management Group LLP now owns 248,980 shares of the basic materials company’s stock valued at $10,574,000 after buying an additional 50,743 shares in the last quarter. 11.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Ternium from a “hold” rating to a “buy” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. raised their price objective on Ternium from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $52.33.

Ternium Trading Down 0.9 %

Shares of TX stock traded down $0.29 during mid-day trading on Friday, reaching $33.62. 120,762 shares of the stock traded hands, compared to its average volume of 216,630. The stock’s fifty day simple moving average is $35.58 and its two-hundred day simple moving average is $39.10. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 0.23 and a beta of 1.79. Ternium S.A. has a 1-year low of $31.07 and a 1-year high of $44.44. The company has a quick ratio of 1.57, a current ratio of 2.74 and a debt-to-equity ratio of 0.09.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($1.36). The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.57 billion. Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.19 earnings per share. On average, research analysts anticipate that Ternium S.A. will post 7.21 EPS for the current fiscal year.

Ternium Profile

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.