Ternium (NYSE:TX) Reaches New 12-Month Low – Here’s Why

Ternium S.A. (NYSE:TX)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $30.58 and last traded at $30.63, with a volume of 271576 shares changing hands. The stock had previously closed at $31.73.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Ternium from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Ternium Price Performance

The stock has a fifty day moving average of $34.14 and a 200-day moving average of $35.37. 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 $6.03 billion, a P/E ratio of 76.78, a PEG ratio of 0.47 and a beta of 1.74.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the previous year, the firm posted $1.38 earnings per share. The company’s revenue was down 13.6% on a year-over-year basis. Equities analysts predict that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were issued a dividend of $0.09 per share. This represents a yield of 8.5%. The ex-dividend date was Monday, November 18th. Ternium’s dividend payout ratio is 450.01%.

Institutional Investors Weigh In On Ternium

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Ternium by 72.1% during the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 385 shares during the period. Blue Trust Inc. raised its holdings in Ternium by 3,152.3% during the 2nd quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 1,387 shares during the last quarter. Quantbot Technologies LP acquired a new position in Ternium during the 3rd quarter valued at about $242,000. Verition Fund Management LLC bought a new position in shares of Ternium in the 3rd quarter valued at about $244,000. Finally, Caprock Group LLC acquired a new stake in shares of Ternium during the 2nd quarter worth approximately $295,000. 11.98% of the stock is owned by institutional investors and hedge funds.

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.