Ternium (NYSE:TX) Downgraded by StockNews.com

StockNews.com lowered shares of Ternium (NYSE:TX) from a buy rating to a hold rating in a report published on Tuesday morning.

Ternium Stock Up 1.1 %

Shares of TX opened at $35.98 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 2.74 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $34.48 and its 200 day simple moving average is $38.12. Ternium has a twelve month low of $30.68 and a twelve month high of $44.44.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $1.25 by ($1.36). Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period last year, the business posted $3.19 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts expect that Ternium will post 5.97 earnings per share for the current year.

Hedge Funds Weigh In On Ternium

A number of large investors have recently bought and sold shares of TX. GAMMA Investing LLC increased its stake in shares of Ternium by 72.1% during the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 385 shares during the period. Blue Trust Inc. increased its stake in shares of Ternium by 3,152.3% during the second quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 1,387 shares during the period. SG Americas Securities LLC acquired a new position in shares of Ternium during the first quarter valued at approximately $107,000. Virtus Investment Advisers Inc. acquired a new position in shares of Ternium during the first quarter valued at approximately $202,000. Finally, Caprock Group LLC acquired a new position in shares of Ternium during the second quarter valued at approximately $295,000. Institutional investors own 11.98% of the company’s stock.

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.