Ternium (NYSE:TX) Hits New 12-Month Low – Time to Sell?

Ternium S.A. (NYSE:TX)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $28.37 and last traded at $28.67, with a volume of 17334 shares. The stock had previously closed at $28.77.

Wall Street Analyst Weigh In

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

Ternium Stock Up 1.8 %

The stock has a 50-day moving average of $30.64 and a 200-day moving average of $33.46. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 72.59, a P/E/G ratio of 0.34 and a beta of 1.76.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the previous year, the company earned $1.38 EPS. The business’s revenue for the quarter was down 13.6% compared to the same quarter last year. Sell-side analysts predict that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were paid a $0.09 dividend. This represents a yield of 8.5%. The ex-dividend date was Monday, November 18th. Ternium’s dividend payout ratio (DPR) is presently 450.01%.

Institutional Investors Weigh In On Ternium

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Ternium by 72.1% in the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $34,000 after buying an additional 385 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Ternium during the 4th quarter valued at $88,000. Blue Trust Inc. boosted its holdings in shares of Ternium by 216.9% during the 3rd quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 3,104 shares in the last quarter. Quantbot Technologies LP bought a new stake in Ternium during the 3rd quarter worth $242,000. Finally, Verition Fund Management LLC acquired a new position in shares of Ternium in the third quarter valued at approximately $244,000. 11.98% of the stock is owned by 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.