Ternium (NYSE:TX) Sets New 1-Year Low – Should You Sell?

Ternium S.A. (NYSE:TX)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $30.58 and last traded at $30.63, with a volume of 271576 shares traded. The stock had previously closed at $31.73.

Wall Street Analyst Weigh In

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

Ternium Stock Down 3.2 %

The firm has a 50-day moving average of $34.27 and a two-hundred day moving average of $35.51. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 79.33, a PEG ratio of 0.49 and a beta of 1.74. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11.

Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The firm 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 firm earned $1.38 EPS. The business’s revenue was down 13.6% on a year-over-year basis. As a group, sell-side analysts predict that Ternium S.A. will post 3.7 earnings per share for the current fiscal year.

Ternium Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a yield of 8.5%. Ternium’s dividend payout ratio is 450.01%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Donald Smith & CO. Inc. acquired a new stake in Ternium during the second quarter valued at approximately $50,566,000. Public Employees Retirement System of Ohio acquired a new stake in Ternium in the 3rd quarter valued at $6,743,000. State Street Corp grew its position in Ternium by 422.1% in 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 period. Renaissance Technologies LLC raised its stake in Ternium by 43.0% during the second quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company’s stock worth $9,710,000 after acquiring an additional 77,800 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Ternium by 22.0% during the second quarter. Sei Investments Co. now owns 203,632 shares of the basic materials company’s stock valued at $7,646,000 after acquiring an additional 36,722 shares during the period. 11.98% of the stock is currently owned by institutional investors and hedge funds.

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.