Ternium (NYSE:TX) Reaches New 12-Month Low – Here’s Why

Shares of Ternium S.A. (NYSE:TX) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $24.00 and last traded at $26.31, with a volume of 394101 shares. The stock had previously closed at $24.63.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TX shares. UBS Group initiated coverage on shares of Ternium in a research note on Wednesday, March 12th. They set a “neutral” rating and a $32.00 target price for the company. The Goldman Sachs Group reduced their price objective on Ternium from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Finally, Bank of America restated an “underperform” rating and issued a $25.00 target price on shares of Ternium in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.00.

Ternium Trading Up 2.8 %

The company has a market cap of $5.33 billion, a price-to-earnings ratio of -94.87, a price-to-earnings-growth ratio of 0.38 and a beta of 1.56. The company’s 50 day moving average price is $30.02 and its 200 day moving average price is $31.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88.

Ternium (NYSE:TX) last posted its earnings results 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 positive return on equity of 1.82% and a negative net margin of 0.31%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $4.18 billion. Research analysts anticipate that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Increases Dividend

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

Institutional Investors Weigh In On Ternium

A number of large investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. grew its position in shares of Ternium by 19.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company’s stock valued at $87,903,000 after purchasing an additional 483,052 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Ternium in the 3rd quarter valued at approximately $6,743,000. PointState Capital LP acquired a new stake in Ternium in the 4th quarter valued at approximately $4,112,000. State Street Corp increased its position in Ternium by 422.1% in the 3rd quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock worth $6,443,000 after buying an additional 141,134 shares during the period. Finally, Woodline Partners LP lifted its holdings in shares of Ternium by 28.0% during the fourth quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company’s stock worth $10,634,000 after buying an additional 79,935 shares during the last quarter. Institutional investors own 11.98% of the company’s stock.

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.