Ternium (NYSE:TX) Sets New 12-Month Low – What’s Next?

Ternium S.A. (NYSE:TX) hit a new 52-week low on Tuesday . The stock traded as low as $28.40 and last traded at $28.78, with a volume of 277985 shares. The stock had previously closed at $28.98.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ternium from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Ternium Stock Up 1.0 %

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. The business’s fifty day moving average price is $32.49 and its two-hundred day moving average price is $34.34. The stock has a market capitalization of $5.71 billion, a PE ratio of 72.70, a price-to-earnings-growth ratio of 0.47 and a beta of 1.74.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.45 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 EPS. On average, equities research analysts forecast that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were issued a $0.09 dividend. The ex-dividend date was Monday, November 18th. This represents a yield of 8.5%. Ternium’s dividend payout ratio (DPR) is presently 450.00%.

Institutional Trading of Ternium

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in shares of Ternium by 37.9% in the third quarter. Principal Financial Group Inc. now owns 81,679 shares of the basic materials company’s stock worth $3,015,000 after buying an additional 22,450 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Ternium in the 3rd quarter worth approximately $6,743,000. State Street Corp boosted its position in Ternium by 422.1% in the 3rd quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock worth $6,443,000 after purchasing an additional 141,134 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Ternium during the 3rd quarter worth approximately $244,000. Finally, Quantbot Technologies LP purchased a new position in shares of Ternium during the 3rd quarter valued at approximately $242,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

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.