Ternium (NYSE:TX) Trading 3.1% Higher – What’s Next?

Ternium S.A. (NYSE:TX) shot up 3.1% during mid-day trading on Friday . The company traded as high as $34.46 and last traded at $34.45. 30,538 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 206,298 shares. The stock had previously closed at $33.42.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Ternium from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ternium presently has a consensus rating of “Moderate Buy” and an average price target of $52.33.

Ternium Stock Up 2.3 %

The company has a market cap of $6.71 billion, a P/E ratio of 85.48, a price-to-earnings-growth ratio of 0.24 and a beta of 1.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92. The business’s fifty day moving average is $35.08 and its two-hundred day moving average is $36.72.

Ternium (NYSE:TX) last posted its 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 business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.45 billion. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 EPS. Equities analysts predict that Ternium S.A. will post 3.7 EPS for the current year.

Ternium Cuts Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 18th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a yield of 8.5%. Ternium’s payout ratio is 450.00%.

Institutional Trading of Ternium

Several large investors have recently bought and sold shares of the stock. Donald Smith & CO. Inc. acquired a new stake in Ternium during the 2nd quarter worth about $50,566,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Ternium during the third quarter worth about $6,743,000. State Street Corp boosted its position in Ternium by 422.1% in the third quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock valued at $6,443,000 after buying an additional 141,134 shares during the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new position in Ternium in the 1st quarter worth approximately $5,426,000. Finally, Renaissance Technologies LLC increased 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 worth $9,710,000 after buying an additional 77,800 shares during the period. Hedge funds and other institutional investors own 11.98% of the company’s stock.

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.