Ternium (NYSE:TX) Upgraded at StockNews.com

StockNews.com upgraded shares of Ternium (NYSE:TX) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Ternium Price Performance

Shares of TX stock opened at $35.44 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.57. The company has a market capitalization of $6.96 billion, a PE ratio of 88.60, a price-to-earnings-growth ratio of 0.22 and a beta of 1.77. The firm’s 50-day moving average is $34.92 and its two-hundred day moving average is $37.06. Ternium has a 12 month low of $30.68 and a 12 month high of $44.44.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The firm’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 earnings per share. Analysts predict that Ternium will post 4.41 earnings per share for the current year.

Ternium Cuts Dividend

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

Institutional Inflows and Outflows

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