UBS Group Issues Positive Forecast for Ternium (NYSE:TX) Stock Price

Ternium (NYSE:TX) had its price objective boosted by UBS Group from $39.00 to $41.00 in a research note published on Thursday morning,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

TX has been the subject of several other reports. Zacks Research downgraded shares of Ternium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Wells Fargo & Company cut their price objective on shares of Ternium from $34.00 to $33.00 and set an “underweight” rating on the stock in a report on Thursday, February 19th. Weiss Ratings raised shares of Ternium from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $40.00 target price on shares of Ternium in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.36.

Ternium Stock Performance

NYSE TX opened at $39.95 on Thursday. The business’s 50-day moving average price is $41.51 and its 200 day moving average price is $38.71. The company has a current ratio of 2.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.12. Ternium has a twelve month low of $24.00 and a twelve month high of $45.57. The company has a market capitalization of $8.01 billion, a PE ratio of 18.50 and a beta of 1.27.

Ternium (NYSE:TX) last announced its quarterly earnings data on Saturday, February 14th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.15). The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Ternium had a net margin of 2.72% and a return on equity of 3.06%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.42) earnings per share. On average, research analysts predict that Ternium will post 4.37 earnings per share for the current year.

Ternium Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, May 14th. This represents a dividend yield of 413.0%. Ternium’s dividend payout ratio (DPR) is 166.67%.

Institutional Investors Weigh In On Ternium

Institutional investors and hedge funds have recently modified their holdings of the stock. Allianz Asset Management GmbH lifted its stake in Ternium by 64.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 58,115 shares of the basic materials company’s stock worth $2,018,000 after acquiring an additional 22,823 shares in the last quarter. Lazard Asset Management LLC grew its stake in Ternium by 4.6% during the 2nd quarter. Lazard Asset Management LLC now owns 5,358,772 shares of the basic materials company’s stock valued at $161,298,000 after acquiring an additional 237,741 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in Ternium by 10.1% during the 2nd quarter. Donald Smith & CO. Inc. now owns 3,412,385 shares of the basic materials company’s stock valued at $102,713,000 after acquiring an additional 312,595 shares in the last quarter. Oaktree Capital Management LP increased its holdings in shares of Ternium by 13.2% in the 2nd quarter. Oaktree Capital Management LP now owns 919,709 shares of the basic materials company’s stock valued at $27,683,000 after purchasing an additional 107,100 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of Ternium by 4.7% in the 3rd quarter. Schroder Investment Management Group now owns 2,279,273 shares of the basic materials company’s stock valued at $79,159,000 after purchasing an additional 101,748 shares during the period. 11.98% of the stock is owned by institutional investors and hedge funds.

About Ternium

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.