Ternium (NYSE:TX) Downgraded to Hold at StockNews.com

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

Ternium Trading Up 1.1 %

Ternium stock opened at $35.98 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57. Ternium has a fifty-two week low of $30.68 and a fifty-two week high of $44.44. The firm has a fifty day moving average price of $34.48 and a two-hundred day moving average price of $38.12.

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

Hedge Funds Weigh In On Ternium

Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Ternium by 72.1% in the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 385 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Ternium by 2.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,751 shares of the basic materials company’s stock worth $1,699,000 after acquiring an additional 1,067 shares during the period. Blue Trust Inc. raised its holdings 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 worth $60,000 after acquiring an additional 1,387 shares during the period. Inspire Investing LLC raised its holdings in shares of Ternium by 5.0% during the second quarter. Inspire Investing LLC now owns 38,136 shares of the basic materials company’s stock worth $1,432,000 after acquiring an additional 1,816 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of Ternium by 28.9% during the second quarter. QRG Capital Management Inc. now owns 9,110 shares of the basic materials company’s stock worth $342,000 after acquiring an additional 2,045 shares during the period. 11.98% of the stock is currently owned by institutional investors and hedge funds.

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.