Shares of Ternium S.A. (NYSE:TX – Get Rating) saw unusually-high trading volume on Monday . Approximately 169,609 shares changed hands during trading, a decline of 31% from the previous session's volume of 245,658 shares.The stock last traded at $38.67 and had previously closed at $37.70.
Analyst Upgrades and Downgrades
Several research firms have issued reports on TX. Grupo Santander downgraded Ternium from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $45.00 to $35.00 in a research report on Monday, November 28th. StockNews.com initiated coverage on Ternium in a research note on Wednesday, October 12th. They set a "buy" rating on the stock. Finally, Bank of America raised Ternium from a "neutral" rating to a "buy" rating and raised their target price for the stock from $38.00 to $42.00 in a research note on Monday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.20.
Get Ternium alerts:Ternium Stock Performance
The business's 50-day simple moving average is $31.72 and its 200 day simple moving average is $31.23. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.31 and a current ratio of 4.21. The firm has a market cap of $7.85 billion, a P/E ratio of 2.78 and a beta of 1.48.
Ternium (NYSE:TX – Get Rating) last issued its earnings results on Thursday, November 3rd. The basic materials company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.92). The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.10 billion. Ternium had a return on equity of 20.59% and a net margin of 15.85%. As a group, equities analysts predict that Ternium S.A. will post 9.24 earnings per share for the current year.Ternium Cuts Dividend
The company also recently disclosed an annual dividend, which was paid on Tuesday, November 22nd. Investors of record on Tuesday, November 15th were given a $0.90 dividend. This represents a yield of 3.25%. The ex-dividend date of this dividend was Monday, November 14th. Ternium's dividend payout ratio (DPR) is currently 12.97%.
Hedge Funds Weigh In On Ternium
A number of hedge funds and other institutional investors have recently modified their holdings of TX. Larson Financial Group LLC acquired a new stake in Ternium during the second quarter valued at $25,000. Penserra Capital Management LLC purchased a new position in Ternium during the third quarter worth about $35,000. Captrust Financial Advisors raised its stake in Ternium by 100.0% during the first quarter. Captrust Financial Advisors now owns 1,000 shares of the basic materials company's stock worth $46,000 after purchasing an additional 500 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of Ternium in the 2nd quarter valued at approximately $50,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Ternium in the 3rd quarter valued at approximately $57,000. 10.41% of the stock is currently owned by institutional investors.
About Ternium
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Ternium SA operates as a flat steel producer. The firm offers a broad range of steel products for customers active in the automotive, home appliances, HVAC, construction, capital goods, container, food and energy industries through its manufacturing facilities, service center and distribution networks, and advanced customer integration systems.
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