Ternium (NYSE:TX) Sets New 52-Week Low on Analyst Downgrade

Ternium S.A. (NYSE:TX)’s stock price hit a new 52-week low on Friday after The Goldman Sachs Group lowered their price target on the stock from $39.00 to $35.00. The Goldman Sachs Group currently has a buy rating on the stock. Ternium traded as low as $27.80 and last traded at $28.31, with a volume of 163581 shares changing hands. The stock had previously closed at $29.69.

Separately, UBS Group assumed coverage on Ternium in a research report on Wednesday, March 12th. They issued a “neutral” rating and a $32.00 target price for the company.

Institutional Trading of Ternium

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in Ternium by 11.6% during the fourth quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company’s stock worth $2,650,000 after buying an additional 9,459 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Ternium by 2.9% in the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company’s stock valued at $70,313,000 after acquiring an additional 68,366 shares in the last quarter. State Street Corp lifted its holdings 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 purchasing an additional 141,134 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in Ternium in the 4th quarter worth approximately $204,000. Finally, Verition Fund Management LLC acquired a new stake in Ternium in the 3rd quarter worth approximately $244,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Stock Down 5.4 %

The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $30.60 and a 200-day simple moving average of $32.06. The stock has a market cap of $5.51 billion, a P/E ratio of -100.30, a PEG ratio of 0.38 and a beta of 1.76.

Ternium (NYSE:TX) last announced its 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 negative net margin of 0.31% and a positive return on equity of 1.82%. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $4.18 billion. Analysts expect that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Increases Dividend

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

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.