Ternium (NYSE:TX) Reaches New 12-Month Low – Time to Sell?

Ternium S.A. (NYSE:TX)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $28.58 and last traded at $28.88, with a volume of 46034 shares traded. The stock had previously closed at $28.78.

Wall Street Analyst Weigh In

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

Ternium Stock Performance

The company has a market cap of $5.70 billion, a price-to-earnings ratio of 72.60, a P/E/G ratio of 0.47 and a beta of 1.74. 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 fifty day simple moving average of $32.95 and a 200 day simple moving average of $34.62.

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

Ternium Cuts Dividend

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

Institutional Investors Weigh In On Ternium

Hedge funds have recently modified their holdings of the business. Donald Smith & CO. Inc. lifted its stake in shares of 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 buying an additional 1,193,110 shares during the period. Victory Capital Management Inc. raised its holdings in Ternium by 2.8% in the 3rd quarter. Victory Capital Management Inc. now owns 687,432 shares of the basic materials company’s stock valued at $25,373,000 after acquiring an additional 18,967 shares in the last quarter. Oldfield Partners LLP lifted its position in shares of Ternium by 1.9% in 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 during the period. Renaissance Technologies LLC grew its holdings in shares of Ternium by 43.0% during the 2nd quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company’s stock worth $9,710,000 after purchasing an additional 77,800 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Ternium by 22.0% during the second quarter. Sei Investments Co. now owns 203,632 shares of the basic materials company’s stock valued at $7,646,000 after purchasing an additional 36,722 shares during the period. 11.98% of the stock is owned by institutional investors.

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.