StockNews.com Lowers Ternium (NYSE:TX) to Buy

StockNews.com cut shares of Ternium (NYSE:TX) from a strong-buy rating to a buy rating in a report published on Monday morning.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Ternium from $48.00 to $51.50 and gave the stock an overweight rating in a report on Thursday, March 21st. TheStreet raised Ternium from a c+ rating to a b- rating in a research note on Friday, January 12th. Finally, The Goldman Sachs Group lifted their price objective on shares of Ternium from $49.00 to $54.00 and gave the stock a buy rating in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ternium has an average rating of Buy and a consensus price target of $50.83.

Ternium Trading Up 1.4 %

NYSE:TX opened at $42.71 on Monday. Ternium has a 52 week low of $35.22 and a 52 week high of $45.58. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.08. The company has a market cap of $8.56 billion, a PE ratio of 12.67 and a beta of 1.69. The business’s 50 day moving average is $41.36 and its two-hundred day moving average is $39.89.

Ternium (NYSE:TX) last released its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.54. Ternium had a net margin of 3.53% and a return on equity of 10.21%. The firm had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.77 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The firm’s revenue was up 31.9% on a year-over-year basis. On average, analysts predict that Ternium will post 6.14 EPS for the current year.

Ternium Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be given a $2.20 dividend. This represents a dividend yield of 6.9%. This is a positive change from Ternium’s previous Semi-Annual dividend of $1.10. The ex-dividend date of this dividend is Thursday, May 2nd. Ternium’s dividend payout ratio is 130.56%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Contrarian Capital Management L.L.C. boosted its stake in shares of Ternium by 8.9% during the 4th quarter. Contrarian Capital Management L.L.C. now owns 1,117,981 shares of the basic materials company’s stock valued at $47,481,000 after buying an additional 91,629 shares during the period. Victory Capital Management Inc. increased its holdings in Ternium by 48.7% in the third quarter. Victory Capital Management Inc. now owns 966,286 shares of the basic materials company’s stock worth $38,555,000 after buying an additional 316,432 shares during the last quarter. Oaktree Capital Management LP increased its holdings in Ternium by 7.4% in the fourth quarter. Oaktree Capital Management LP now owns 958,237 shares of the basic materials company’s stock worth $40,696,000 after buying an additional 66,082 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Ternium by 25.6% during the 4th quarter. Wellington Management Group LLP now owns 248,980 shares of the basic materials company’s stock valued at $10,574,000 after purchasing an additional 50,743 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Ternium by 20,865.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 220,765 shares of the basic materials company’s stock valued at $9,188,000 after buying an additional 219,712 shares in the last quarter. 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.