Ternium (NYSE:TX) Hits New 1-Year Low - Should You Sell?

Ternium S.A. (NYSE:TX - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $28.58 and last traded at $28.88, with a volume of 46034 shares. The stock had previously closed at $28.78.

Wall Street Analysts Forecast Growth

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

Ternium Price Performance

The company has a quick ratio of 1.67, a current ratio of 2.92 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 72.20, a price-to-earnings-growth ratio of 0.47 and a beta of 1.74. The stock's 50 day moving average price is $33.08 and its two-hundred day moving average price is $34.66.

Ternium (NYSE:TX - Get Free Report) last issued 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. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the business earned $1.38 earnings per share. The company's revenue was down 13.6% compared to the same quarter last year. Equities research analysts forecast that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TX. GAMMA Investing LLC lifted its stake in 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 buying an additional 385 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Ternium by 216.9% during the third quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company's stock valued at $170,000 after acquiring an additional 3,104 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Ternium in the third quarter valued at approximately $242,000. Verition Fund Management LLC acquired a new stake in shares of Ternium in the third quarter worth approximately $244,000. Finally, Caprock Group LLC purchased a new stake in shares of Ternium during the second quarter worth approximately $295,000. Hedge funds and other 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.