Ternium (NYSE:TX) Hits New 12-Month Low After Analyst Downgrade

Ternium S.A. (NYSE:TX) reached a new 52-week low during trading on Friday after The Goldman Sachs Group lowered their price target on the stock from $39.00 to $35.00. The Goldman Sachs Group currently has a buy rating on the stock. Ternium traded as low as $27.80 and last traded at $28.31, with a volume of 163581 shares trading hands. The stock had previously closed at $29.69.

Separately, UBS Group started coverage on shares of Ternium in a report on Wednesday, March 12th. They set a “neutral” rating and a $32.00 target price for the company.

Institutional Trading of Ternium

A number of hedge funds and other institutional investors have recently bought and sold shares of TX. Donald Smith & CO. Inc. lifted its position in shares of Ternium by 19.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company’s stock valued at $87,903,000 after buying an additional 483,052 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Ternium during the third quarter valued at approximately $6,743,000. PointState Capital LP bought a new position in shares of Ternium in the fourth quarter worth approximately $4,112,000. State Street Corp increased its stake in shares of Ternium by 422.1% in the third 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. Finally, Woodline Partners LP raised its position in shares of Ternium by 28.0% during the 4th quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company’s stock valued at $10,634,000 after purchasing an additional 79,935 shares during the period. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Stock Performance

The company has a market cap of $5.51 billion, a PE ratio of -100.30, a PEG ratio of 0.38 and a beta of 1.56. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $30.60 and its two-hundred day moving average is $32.04.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.97 by ($1.39). Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $4.18 billion. On average, equities research analysts anticipate that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Increases Dividend

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

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.