Ternium S.A. (NYSE:TX) Short Interest Update

Ternium S.A. (NYSE:TX) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 656,000 shares, a decrease of 18.1% from the October 15th total of 801,300 shares. Based on an average daily volume of 179,800 shares, the short-interest ratio is presently 3.6 days.

Ternium Price Performance

TX stock traded up $0.77 during mid-day trading on Friday, reaching $34.19. 203,726 shares of the company’s stock were exchanged, compared to its average volume of 162,045. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. Ternium has a 12-month low of $30.68 and a 12-month high of $44.44. The stock’s 50 day moving average is $35.08 and its 200 day moving average is $36.72. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 85.48, a price-to-earnings-growth ratio of 0.24 and a beta of 1.77.

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

Ternium Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 18th will be issued a $0.09 dividend. This represents a dividend yield of 8.5%. The ex-dividend date is Monday, November 18th. Ternium’s dividend payout ratio (DPR) is currently 1,100.03%.

Institutional Investors Weigh In On Ternium

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Ternium by 72.1% during the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 385 shares during the period. Blue Trust Inc. grew its stake in Ternium by 3,152.3% during the 2nd quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 1,387 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Ternium during the 1st quarter worth about $107,000. Virtus Investment Advisers Inc. purchased a new stake in Ternium during the 1st quarter worth about $202,000. Finally, Quantbot Technologies LP acquired a new stake in Ternium in the 3rd quarter valued at about $242,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

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. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.