Ternium (NYSE:TX) Sets New 12-Month Low - Here's Why

Ternium S.A. (NYSE:TX - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $29.10 and last traded at $29.10, with a volume of 87533 shares traded. The stock had previously closed at $29.29.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Ternium from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th.

Ternium Trading Down 0.8 %

The firm has a market capitalization of $5.70 billion, a P/E ratio of 72.65, a P/E/G ratio of 0.47 and a beta of 1.74. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $33.62 and a 200-day simple moving average of $35.07.

Ternium (NYSE:TX - Get Free Report) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the business posted $1.38 earnings per share. The firm's quarterly revenue was down 13.6% compared to the same quarter last year. On average, equities research analysts forecast that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were paid a $0.09 dividend. The ex-dividend date was Monday, November 18th. This represents a dividend yield of 8.5%. Ternium's dividend payout ratio (DPR) is 450.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in shares of Ternium during the 3rd quarter valued at approximately $1,353,000. Renaissance Technologies LLC boosted its position in shares of Ternium by 43.0% in the second 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 during the period. Sei Investments Co. boosted its position in shares of Ternium by 22.0% in the second quarter. Sei Investments Co. now owns 203,632 shares of the basic materials company's stock worth $7,646,000 after purchasing an additional 36,722 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Ternium by 12.3% in the second quarter. Deprince Race & Zollo Inc. now owns 160,270 shares of the basic materials company's stock worth $6,018,000 after purchasing an additional 17,552 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised its position in shares of Ternium by 88.6% during the 3rd quarter. Donald Smith & CO. Inc. now owns 2,539,751 shares of the basic materials company's stock valued at $93,742,000 after purchasing an additional 1,193,110 shares during the period. Institutional investors own 11.98% of the company's stock.

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.