Ternium S.A. (NYSE:TX) Given Average Rating of “Hold” by Brokerages

Shares of Ternium S.A. (NYSE:TX) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $35.5625.

TX has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Ternium from $39.00 to $40.50 and gave the stock an “overweight” rating in a report on Friday, October 17th. Zacks Research raised shares of Ternium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Hsbc Global Res upgraded shares of Ternium to a “strong-buy” rating in a research note on Friday, October 17th. UBS Group raised their target price on shares of Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ternium in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Ternium

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Ternium by 40.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 303 shares during the last quarter. Blue Trust Inc. boosted its position in Ternium by 17.5% in the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company’s stock valued at $78,000 after buying an additional 335 shares during the last quarter. Caxton Associates LLP increased its holdings in Ternium by 2.8% in the 2nd quarter. Caxton Associates LLP now owns 17,819 shares of the basic materials company’s stock worth $536,000 after buying an additional 484 shares during the period. JPMorgan Chase & Co. raised its position in Ternium by 142.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock worth $44,000 after buying an additional 736 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Ternium by 10.1% during the 1st quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company’s stock worth $301,000 after buying an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Stock Up 1.9%

Shares of NYSE TX opened at $38.54 on Thursday. Ternium has a 12-month low of $24.00 and a 12-month high of $39.00. The stock’s fifty day simple moving average is $36.57 and its two-hundred day simple moving average is $33.77. The stock has a market capitalization of $7.73 billion, a PE ratio of 12.98 and a beta of 1.36. The company has a current ratio of 2.46, a quick ratio of 1.42 and a debt-to-equity ratio of 0.10.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.68). Ternium had a return on equity of 1.89% and a net margin of 3.72%.The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The company’s revenue was down 11.7% on a year-over-year basis. As a group, analysts expect that Ternium will post 4.37 EPS for the current fiscal year.

Ternium Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were paid a dividend of $0.90 per share. This represents a dividend yield of 503.0%. The ex-dividend date was Monday, November 10th. Ternium’s payout ratio is presently 60.61%.

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.