Ternium (NYSE:TX) Research Coverage Started at UBS Group

UBS Group began coverage on shares of Ternium (NYSE:TX) in a report released on Wednesday, MarketBeat reports. The brokerage issued a neutral rating and a $32.00 target price on the basic materials company’s stock.

A number of other brokerages have also recently commented on TX. StockNews.com cut Ternium from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. The Goldman Sachs Group reduced their price target on Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th.

Ternium Stock Up 2.1 %

Shares of NYSE:TX opened at $32.95 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $29.86 and a two-hundred day moving average of $32.20. The stock has a market cap of $6.47 billion, a P/E ratio of -117.67, a PEG ratio of 0.38 and a beta of 1.76. Ternium has a 52-week low of $28.00 and a 52-week high of $44.44.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39). The business had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. On average, research analysts expect that Ternium will post 4.37 earnings per share for the current year.

Ternium Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be given a dividend of $1.80 per share. This represents a dividend yield of 10.3%. The ex-dividend date is Friday, May 9th. This is a positive change from Ternium’s previous semi-annual dividend of $0.09. Ternium’s dividend payout ratio (DPR) is -1,285.71%.

Institutional Investors Weigh In On Ternium

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in shares of Ternium by 500.0% during the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,000 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Ternium during the 4th quarter worth about $54,000. Headlands Technologies LLC raised its position in shares of Ternium by 249.5% during the 4th quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 1,200 shares in the last quarter. Aquatic Capital Management LLC raised its position in shares of Ternium by 28.4% during the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 482 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Ternium during the 4th quarter worth about $88,000. Institutional investors and hedge funds 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.