Ternium (NYSE:TX) Hits New 1-Year Low - Here's What Happened

Ternium S.A. (NYSE:TX - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $28.37 and last traded at $28.67, with a volume of 17334 shares trading hands. The stock had previously closed at $28.77.

Analyst Ratings Changes

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

Ternium Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. The stock has a 50 day simple moving average of $30.72 and a two-hundred day simple moving average of $33.49. The company has a market cap of $5.60 billion, a PE ratio of 71.38, a PEG ratio of 0.34 and a beta of 1.76.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The business had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.45 billion. During the same quarter in the prior year, the business earned $1.38 earnings per share. The company's quarterly revenue was down 13.6% compared to the same quarter last year. Equities analysts predict that Ternium S.A. will post 3.7 EPS for the current year.

Ternium Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were paid a dividend of $0.09 per share. This represents a dividend yield of 8.5%. The ex-dividend date of this dividend was Monday, November 18th. Ternium's dividend payout ratio (DPR) is presently 450.01%.

Institutional Investors Weigh In On Ternium

Several large investors have recently modified their holdings of TX. Renaissance Technologies LLC raised its position in 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 acquiring an additional 77,800 shares in the last quarter. Sei Investments Co. raised its position in 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 acquiring an additional 36,722 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in 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 acquiring an additional 17,552 shares in the last quarter. GAMMA Investing LLC raised its position in Ternium by 72.1% in the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company's stock worth $34,000 after acquiring an additional 385 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Ternium by 216.9% in the third quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company's stock worth $170,000 after acquiring an additional 3,104 shares in the last quarter. 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.