Caxton Associates LP Has $1.90 Million Holdings in Ternium S.A. (NYSE:TX)

Caxton Associates LP cut its holdings in Ternium S.A. (NYSE:TX) by 11.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,632 shares of the basic materials company’s stock after selling 5,964 shares during the period. Caxton Associates LP’s holdings in Ternium were worth $1,899,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TX. Key Financial Inc grew its stake in shares of Ternium by 5,900.0% in the fourth quarter. Key Financial Inc now owns 600 shares of the basic materials company’s stock valued at $25,000 after buying an additional 590 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Ternium in the fourth quarter valued at $30,000. Activest Wealth Management bought a new position in shares of Ternium in the first quarter valued at $44,000. Allspring Global Investments Holdings LLC grew its stake in shares of Ternium by 49.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company’s stock valued at $45,000 after buying an additional 350 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of 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 Stock Performance

TX stock traded down $0.32 during midday trading on Tuesday, reaching $35.58. 80,173 shares of the company were exchanged, compared to its average volume of 211,472. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.32 and a quick ratio of 1.98. The business has a 50-day moving average price of $38.56 and a two-hundred day moving average price of $39.90. Ternium S.A. has a one year low of $35.22 and a one year high of $45.10. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.24 and a beta of 1.79.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of Ternium from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th. The Goldman Sachs Group lifted their price objective on shares of Ternium from $49.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ternium from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $52.33.

About Ternium

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.