Ternium (NYSE:TX) Sets New 1-Year Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Ternium Stock Up 1.0 %

The stock has a market cap 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. The business has a fifty day moving average of $32.49 and a 200-day moving average of $34.34. 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 (NYSE:TX) last issued 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. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The business’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 EPS. Equities research analysts anticipate that Ternium S.A. will post 3.7 earnings per share for the current year.

Ternium Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were issued a dividend of $0.09 per share. This represents a yield of 8.5%. The ex-dividend date of this dividend was Monday, November 18th. Ternium’s payout ratio is 450.00%.

Hedge Funds Weigh In On Ternium

Institutional investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. bought a new position in Ternium in the second quarter worth about $50,566,000. Public Employees Retirement System of Ohio bought a new position in shares of Ternium during the 3rd quarter worth approximately $6,743,000. State Street Corp lifted its position in Ternium by 422.1% during the third quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock valued at $6,443,000 after acquiring an additional 141,134 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Ternium by 43.0% in the second quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company’s stock valued at $9,710,000 after acquiring an additional 77,800 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Ternium by 22.0% in the second quarter. Sei Investments Co. now owns 203,632 shares of the basic materials company’s stock worth $7,646,000 after purchasing an additional 36,722 shares during the last quarter. 11.98% of the stock is owned by hedge funds and other institutional investors.

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.