Ternium (NYSE:TX) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Ternium S.A. (NYSE:TX)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.15 and traded as high as $32.18. Ternium shares last traded at $31.56, with a volume of 285,866 shares trading hands.

Analyst Ratings Changes

TX has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their price objective on shares of Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. UBS Group began coverage on shares of Ternium in a research report on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price target for the company.

Ternium Trading Down 0.2 %

The company has a 50 day moving average of $30.25 and a 200 day moving average of $32.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of -112.70, a P/E/G ratio of 0.38 and a beta of 1.76.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share 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 during the quarter, compared to analysts’ expectations of $4.18 billion. On average, research analysts predict that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be issued a dividend of $1.80 per share. This is a boost from Ternium’s previous semi-annual dividend of $0.09. This represents a dividend yield of 10.3%. The ex-dividend date of this dividend is Friday, May 9th. Ternium’s payout ratio is currently -1,285.71%.

Institutional Investors Weigh In On Ternium

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in shares of Ternium by 15.5% in the fourth quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company’s stock valued at $6,073,000 after purchasing an additional 28,054 shares during the period. Woodline Partners LP boosted its holdings in Ternium by 28.0% in 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 last quarter. Silvercrest Asset Management Group LLC purchased a new stake in shares of Ternium in the 4th quarter valued at approximately $856,000. PointState Capital LP acquired a new stake in shares of Ternium during the 4th quarter worth approximately $4,112,000. Finally, Millennium Management LLC raised its position in shares of Ternium by 70.8% during the 4th quarter. Millennium Management LLC now owns 18,947 shares of the basic materials company’s stock valued at $551,000 after buying an additional 7,853 shares during the period. Institutional investors and hedge funds own 11.98% of the company’s stock.

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.