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

Shares of Ternium S.A. (NYSE:TX) have earned an average rating of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $35.9375.

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on Ternium from $34.00 to $33.00 and set an “underweight” rating on the stock in a report on Thursday, February 19th. Weiss Ratings upgraded Ternium from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. UBS Group boosted their price objective on Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday, December 15th. Finally, Scotiabank restated a “sector perform” rating and set a $40.00 target price on shares of Ternium in a research report on Thursday.

Institutional Investors Weigh In On Ternium

A number of institutional investors and hedge funds have recently made changes to their positions in TX. EverSource Wealth Advisors LLC boosted its stake in shares of Ternium by 49.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock worth $27,000 after buying an additional 232 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Ternium during the 4th quarter worth approximately $36,000. Camelot Portfolios LLC purchased a new position in shares of Ternium in the 4th quarter valued at approximately $38,000. GAMMA Investing LLC grew its stake in shares of Ternium by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 303 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Ternium in the third quarter valued at approximately $38,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Ternium Stock Performance

Shares of TX opened at $38.71 on Friday. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 17.92 and a beta of 1.32. Ternium has a 52-week low of $24.00 and a 52-week high of $45.57. The company has a quick ratio of 1.45, a current ratio of 2.49 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $41.74 and a 200 day moving average price of $38.56.

Ternium (NYSE:TX) last issued its quarterly earnings data on Saturday, February 14th. The basic materials company reported $0.62 earnings per share 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 return on equity of 3.06% and a net margin of 2.72%.The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.42) EPS. Research analysts predict that Ternium will post 4.37 EPS for the current fiscal year.

Ternium Announces Dividend

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

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.