Ternium (NYSE:TX) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Ternium (NYSE:TX) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Ternium Stock Performance

Ternium stock opened at $36.40 on Wednesday. The stock has a market cap of $7.15 billion, a P/E ratio of -10.31, a price-to-earnings-growth ratio of 0.21 and a beta of 1.77. The company has a current ratio of 2.74, a quick ratio of 1.57 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $34.83 and a 200-day moving average of $37.11. Ternium has a 52 week low of $30.68 and a 52 week high of $44.44.

Ternium (NYSE:TX) last released its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The business’s revenue was down 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.38 EPS. On average, analysts expect that Ternium will post 4.41 EPS for the current fiscal year.

Ternium Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, November 21st. Investors of record on Monday, November 18th will be given a $0.09 dividend. The ex-dividend date of this dividend is Monday, November 18th. Ternium’s dividend payout ratio (DPR) is -124.65%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC grew its position in Ternium by 1.8% in the first quarter. Lazard Asset Management LLC now owns 3,196,107 shares of the basic materials company’s stock valued at $133,021,000 after acquiring an additional 56,379 shares during the period. Donald Smith & CO. Inc. grew its position in Ternium by 88.6% in the third quarter. Donald Smith & CO. Inc. now owns 2,539,751 shares of the basic materials company’s stock valued at $93,742,000 after acquiring an additional 1,193,110 shares during the period. Ninety One UK Ltd grew its position in Ternium by 0.6% in the second 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 period. Victory Capital Management Inc. grew its position in Ternium by 2.8% in the third quarter. Victory Capital Management Inc. now owns 687,432 shares of the basic materials company’s stock valued at $25,373,000 after acquiring an additional 18,967 shares during the period. Finally, Oldfield Partners LLP grew its position in Ternium by 1.9% in the third quarter. Oldfield Partners LLP now owns 261,836 shares of the basic materials company’s stock valued at $9,664,000 after acquiring an additional 4,800 shares during the period. 11.98% of the stock is owned by institutional investors.

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.