Ternium (NYSE:TX) Trading 3.1% Higher – Should You Buy?

Ternium S.A. (NYSE:TX)’s stock price rose 3.1% on Friday . The company traded as high as $34.46 and last traded at $34.45. Approximately 30,538 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 206,298 shares. The stock had previously closed at $33.42.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Ternium from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.33.

Ternium Stock Performance

The company has a market cap of $6.65 billion, a PE ratio of 83.60, a price-to-earnings-growth ratio of 0.24 and a beta of 1.77. The firm’s fifty day moving average is $35.04 and its 200 day moving average is $36.82. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11.

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 for the quarter, compared to analyst estimates of $4.45 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 EPS. As a group, research analysts predict that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 18th will be issued a $0.09 dividend. This represents a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, November 18th. Ternium’s dividend payout ratio is currently 1,100.03%.

Institutional Trading of Ternium

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Ternium by 72.1% in the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $34,000 after buying an additional 385 shares in the last quarter. Blue Trust Inc. increased its holdings in Ternium by 3,152.3% during the 2nd quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 1,387 shares during the period. SG Americas Securities LLC acquired a new stake in Ternium in the 1st quarter valued at about $107,000. Virtus Investment Advisers Inc. purchased a new position in shares of Ternium in the 1st quarter valued at about $202,000. Finally, Quantbot Technologies LP acquired a new position in shares of Ternium during the third quarter worth about $242,000. Hedge funds and other 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.