Ternium (NYSE:TX) Sees Unusually-High Trading Volume – Here’s What Happened

Ternium S.A. (NYSE:TX) saw unusually-high trading volume on Wednesday . Approximately 289,010 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 177,875 shares.The stock last traded at $29.91 and had previously closed at $29.13.

Wall Street Analysts Forecast Growth

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

Ternium Stock Performance

The firm has a market capitalization of $5.89 billion, a P/E ratio of 74.98, a P/E/G ratio of 0.34 and a beta of 1.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. The firm has a 50-day moving average price of $30.21 and a two-hundred day moving average price of $33.19.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $4.48 billion during 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%. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS. On average, analysts forecast that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were given a dividend of $0.09 per share. This represents a dividend yield of 8.5%. The ex-dividend date was Monday, November 18th. Ternium’s payout ratio is 450.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Ternium by 72.1% in the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 385 shares in the last quarter. Blue Trust Inc. grew its position in shares of Ternium by 216.9% in the 3rd quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company’s stock worth $170,000 after buying an additional 3,104 shares during the last quarter. Oldfield Partners LLP raised its stake in shares of Ternium by 1.9% during the 3rd quarter. Oldfield Partners LLP now owns 261,836 shares of the basic materials company’s stock worth $9,664,000 after acquiring an additional 4,800 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Ternium during the third quarter valued at approximately $1,353,000. Finally, Donald Smith & CO. Inc. boosted its stake in Ternium by 88.6% in the third quarter. Donald Smith & CO. Inc. now owns 2,539,751 shares of the basic materials company’s stock valued at $93,742,000 after acquiring an additional 1,193,110 shares in the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

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.