Ternium (NYSE:TX) Stock Rating Lowered by StockNews.com

Ternium (NYSE:TX - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday.

Ternium Price Performance

NYSE:TX traded down $0.75 during trading hours on Thursday, reaching $33.44. The stock had a trading volume of 191,660 shares, compared to its average volume of 207,214. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92. Ternium has a 52 week low of $30.68 and a 52 week high of $44.44. The company has a 50 day moving average price of $35.04 and a two-hundred day moving average price of $36.82. The stock has a market capitalization of $6.56 billion, a PE ratio of 83.60, a PEG ratio of 0.25 and a beta of 1.77.

Ternium (NYSE:TX - Get Free Report) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The firm had revenue of $4.48 billion during 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 company's quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. As a group, sell-side analysts anticipate that Ternium will post 3.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TX. Verition Fund Management LLC acquired a new position in shares of Ternium in the third quarter valued at about $244,000. Quantbot Technologies LP purchased a new stake in shares of Ternium in the third quarter worth about $242,000. Dynamic Technology Lab Private Ltd boosted its position in Ternium by 155.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 19,714 shares of the basic materials company's stock worth $728,000 after purchasing an additional 11,983 shares in the last quarter. Victory Capital Management Inc. boosted its position in Ternium by 2.8% during the third quarter. Victory Capital Management Inc. now owns 687,432 shares of the basic materials company's stock worth $25,373,000 after purchasing an additional 18,967 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Ternium by 37.9% during the third quarter. Principal Financial Group Inc. now owns 81,679 shares of the basic materials company's stock worth $3,015,000 after purchasing an additional 22,450 shares in the last quarter. 11.98% of the stock is owned by institutional investors.

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.