Atlas Capital Advisors LLC Sells 2,855 Shares of Ternium S.A. (NYSE:TX)

Atlas Capital Advisors LLC decreased its holdings in Ternium S.A. (NYSE:TX) by 23.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,561 shares of the basic materials company’s stock after selling 2,855 shares during the period. Atlas Capital Advisors LLC’s holdings in Ternium were worth $359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in Ternium by 4.3% during the second quarter. Principal Financial Group Inc. now owns 59,229 shares of the basic materials company’s stock valued at $2,224,000 after buying an additional 2,437 shares during the period. Ninety One UK Ltd lifted its stake in shares of Ternium by 0.6% in the 2nd quarter. Ninety One UK Ltd now owns 1,691,042 shares of the basic materials company’s stock valued at $63,499,000 after acquiring an additional 10,375 shares during the last quarter. Blue Trust Inc. boosted its holdings in Ternium by 3,152.3% during the 2nd quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 1,387 shares during the period. QRG Capital Management Inc. grew its position in Ternium by 28.9% during the 2nd quarter. QRG Capital Management Inc. now owns 9,110 shares of the basic materials company’s stock worth $342,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Beck Bode LLC purchased a new position in Ternium in the 1st quarter worth approximately $1,253,000. Institutional investors own 11.98% of the company’s stock.

Ternium Trading Down 0.9 %

TX traded down $0.29 during midday trading on Friday, reaching $33.62. 120,762 shares of the company’s stock traded hands, compared to its average volume of 216,630. Ternium S.A. has a 52 week low of $31.07 and a 52 week high of $44.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57. The firm has a fifty day moving average of $35.52 and a two-hundred day moving average of $39.07. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 0.23 and a beta of 1.79.

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

Analysts Set New Price Targets

TX has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on Ternium from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. StockNews.com upgraded shares of Ternium from a “hold” rating to a “buy” rating in a report on Monday, August 19th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $52.33.

Ternium Company 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.