State of New Jersey Common Pension Fund D Acquires 14,042 Shares of Ternium S.A. (NYSE:TX)

State of New Jersey Common Pension Fund D raised its holdings in shares of Ternium S.A. (NYSE:TXGet Rating) by 73.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,075 shares of the basic materials company’s stock after purchasing an additional 14,042 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Ternium were worth $1,510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC boosted its holdings in Ternium by 31.9% during the 4th quarter. Acadian Asset Management LLC now owns 4,947,487 shares of the basic materials company’s stock worth $215,270,000 after acquiring an additional 1,197,260 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Ternium by 5.8% in the 4th quarter. Schroder Investment Management Group now owns 2,075,788 shares of the basic materials company’s stock worth $9,033,000 after buying an additional 114,543 shares during the last quarter. Cape Ann Asset Management Ltd boosted its holdings in shares of Ternium by 2.1% in the 1st quarter. Cape Ann Asset Management Ltd now owns 814,085 shares of the basic materials company’s stock worth $37,163,000 after buying an additional 16,500 shares during the last quarter. Oldfield Partners LLP purchased a new position in shares of Ternium in the 1st quarter worth about $39,208,000. Finally, Bank of America Corp DE boosted its holdings in shares of Ternium by 17.7% in the 4th quarter. Bank of America Corp DE now owns 633,299 shares of the basic materials company’s stock worth $27,561,000 after buying an additional 95,149 shares during the last quarter. Institutional investors own 12.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TX. Morgan Stanley cut their price target on shares of Ternium from $48.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 6th. StockNews.com downgraded shares of Ternium from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.43.

Ternium Price Performance

NYSE TX opened at $34.21 on Friday. The company has a market cap of $6.86 billion, a PE ratio of 1.78 and a beta of 1.50. Ternium S.A. has a 52 week low of $29.83 and a 52 week high of $56.86. The company has a quick ratio of 1.86, a current ratio of 3.20 and a debt-to-equity ratio of 0.07. The firm’s 50-day simple moving average is $37.01 and its two-hundred day simple moving average is $40.73.

Ternium Profile

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Ternium SA manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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