Ternium (NYSE:TX) Share Price Passes Above 200-Day Moving Average – What’s Next?

Ternium S.A. (NYSE:TX)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $32.15 and traded as high as $32.18. Ternium shares last traded at $31.56, with a volume of 285,866 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TX shares. UBS Group initiated coverage on Ternium in a research report on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price objective for the company. The Goldman Sachs Group dropped their price target on shares of Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 6th.

Ternium Stock Performance

The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $30.25 and a 200 day moving average price of $32.15. The firm has a market capitalization of $6.20 billion, a PE ratio of -112.70, a price-to-earnings-growth ratio of 0.38 and a beta of 1.76.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39). The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. Research analysts expect that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be paid a dividend of $1.80 per share. This is an increase from Ternium’s previous semi-annual dividend of $0.09. This represents a yield of 10.3%. The ex-dividend date of this dividend is Friday, May 9th. Ternium’s dividend payout ratio is presently -1,285.71%.

Hedge Funds Weigh In On Ternium

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its stake in Ternium by 500.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,000 shares during the last quarter. Headlands Technologies LLC increased its stake in Ternium by 249.5% in the fourth quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 1,200 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Ternium during the fourth quarter worth approximately $54,000. Aquatic Capital Management LLC lifted its position in shares of Ternium by 28.4% during the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company’s stock worth $63,000 after buying an additional 482 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Ternium in the 4th quarter valued at $88,000. Hedge funds and other institutional investors own 11.98% of the company’s stock.

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.