Kestra Private Wealth Services LLC Invests $328,000 in Ternium S.A. (NYSE:TX)

Kestra Private Wealth Services LLC bought a new stake in Ternium S.A. (NYSE:TXFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,210 shares of the basic materials company’s stock, valued at approximately $328,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP raised its holdings in shares of Ternium by 63.1% during the third quarter. Quantbot Technologies LP now owns 5,615 shares of the basic materials company’s stock valued at $224,000 after purchasing an additional 2,173 shares during the period. Barclays PLC raised its holdings in shares of Ternium by 40,884.6% during the third quarter. Barclays PLC now owns 10,656 shares of the basic materials company’s stock valued at $426,000 after purchasing an additional 10,630 shares during the period. Jump Financial LLC raised its holdings in shares of Ternium by 18.6% during the third quarter. Jump Financial LLC now owns 20,226 shares of the basic materials company’s stock valued at $807,000 after purchasing an additional 3,178 shares during the period. Donoghue Forlines LLC raised its holdings in shares of Ternium by 7.7% during the third quarter. Donoghue Forlines LLC now owns 11,597 shares of the basic materials company’s stock valued at $463,000 after purchasing an additional 832 shares during the period. Finally, Capital Wealth Planning LLC raised its holdings in shares of Ternium by 67.2% during the third quarter. Capital Wealth Planning LLC now owns 17,249 shares of the basic materials company’s stock valued at $688,000 after purchasing an additional 6,933 shares during the period. Institutional investors and hedge funds own 12.07% of the company’s stock.

Ternium Stock Down 0.5 %

TX opened at $37.53 on Friday. The company has a quick ratio of 1.94, a current ratio of 3.25 and a debt-to-equity ratio of 0.08. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 0.93 and a beta of 1.69. Ternium S.A. has a twelve month low of $35.22 and a twelve month high of $45.81. The company’s 50-day moving average price is $40.26 and its two-hundred day moving average price is $39.67.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TX shares. TheStreet upgraded shares of Ternium from a “c+” rating to a “b-” rating in a report on Friday, January 12th. Bank of America raised shares of Ternium from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Monday, November 20th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $49.30.

Get Our Latest Research Report on Ternium

Ternium Profile

(Free Report)

Ternium SA, together with its subsidiaries, 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.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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