StockNews.com Downgrades Ternium (NYSE:TX) to Hold

Ternium (NYSE:TX) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Ternium Stock Performance

NYSE:TX opened at $34.19 on Thursday. Ternium has a twelve month low of $30.68 and a twelve month high of $44.44. The company has a quick ratio of 1.67, a current ratio of 2.92 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.71 billion, a PE ratio of 85.48, a price-to-earnings-growth ratio of 0.24 and a beta of 1.77. The stock’s 50-day simple moving average is $35.08 and its 200 day simple moving average is $36.76.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%. Ternium’s revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 EPS. On average, analysts anticipate that Ternium will post 3.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in Ternium during the third quarter worth $6,743,000. State Street Corp lifted its position in shares of Ternium by 422.1% during the third quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock valued at $6,443,000 after purchasing an additional 141,134 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Ternium during the 3rd quarter worth approximately $244,000. Quantbot Technologies LP purchased a new position in Ternium in the third quarter worth $242,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Ternium by 155.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,714 shares of the basic materials company’s stock worth $728,000 after buying an additional 11,983 shares during the last quarter. 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.