Ternium (NYSE:TX) Hits New 1-Year Low – What’s Next?

Ternium S.A. (NYSE:TX)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $29.10 and last traded at $29.10, with a volume of 87533 shares traded. The stock had previously closed at $29.29.

Wall Street Analysts Forecast Growth

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

Ternium Stock Performance

The stock has a market capitalization of $5.71 billion, a P/E ratio of 72.75, a price-to-earnings-growth ratio of 0.47 and a beta of 1.74. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $33.75 and a two-hundred day moving average price of $35.11.

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

Ternium Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were paid a $0.09 dividend. This represents a dividend yield of 8.5%. The ex-dividend date was Monday, November 18th. Ternium’s dividend payout ratio (DPR) is 450.00%.

Institutional Trading of Ternium

Several institutional investors and hedge funds have recently modified their holdings of TX. Principal Financial Group Inc. raised its holdings in shares of Ternium by 37.9% in the third quarter. Principal Financial Group Inc. now owns 81,679 shares of the basic materials company’s stock valued at $3,015,000 after purchasing an additional 22,450 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Ternium in the 3rd quarter worth approximately $6,743,000. State Street Corp grew its holdings in shares of 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 acquiring an additional 141,134 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Ternium during the third quarter valued at approximately $244,000. Finally, Quantbot Technologies LP bought a new stake in Ternium during the third quarter worth $242,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

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.