Ternium (NYSE:TX) Rating Lowered to Hold at StockNews.com

Ternium (NYSE:TX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Ternium Price Performance

Shares of NYSE TX traded down $1.13 during midday trading on Tuesday, reaching $36.17. 239,951 shares of the stock traded hands, compared to its average volume of 214,466. The stock has a market capitalization of $7.25 billion, a PE ratio of 10.73, a P/E/G ratio of 0.18 and a beta of 1.77. The company’s 50 day moving average is $34.41 and its 200 day moving average is $38.15. Ternium has a one year low of $30.68 and a one year high of $44.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57.

Ternium (NYSE:TX) last released its earnings results on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $1.25 by ($1.36). Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the business posted $3.19 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that Ternium will post 5.97 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of Ternium by 25.6% during the fourth quarter. Wellington Management Group LLP now owns 248,980 shares of the basic materials company’s stock worth $10,574,000 after purchasing an additional 50,743 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Ternium during the first quarter worth approximately $1,064,000. Lazard Asset Management LLC increased its position in shares of Ternium by 1.8% during the first quarter. Lazard Asset Management LLC now owns 3,196,107 shares of the basic materials company’s stock worth $133,021,000 after purchasing an additional 56,379 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Ternium by 43.0% in the 2nd quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company’s stock valued at $9,710,000 after buying an additional 77,800 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Ternium by 22.0% in the 2nd quarter. Sei Investments Co. now owns 203,632 shares of the basic materials company’s stock valued at $7,646,000 after buying an additional 36,722 shares in the last quarter. 11.98% of the stock is owned by institutional investors and hedge funds.

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.