Ternium (NYSE:TX) Hits New 1-Year Low on Analyst Downgrade

Ternium S.A. (NYSE:TX - Get Free Report)'s share price hit a new 52-week low during trading on Friday after The Goldman Sachs Group lowered their price target on the stock from $39.00 to $35.00. The Goldman Sachs Group currently has a buy rating on the stock. Ternium traded as low as $27.80 and last traded at $28.31, with a volume of 163581 shares. The stock had previously closed at $29.69.

Separately, UBS Group initiated coverage on Ternium in a report on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $37.00.

Hedge Funds Weigh In On Ternium

Hedge funds have recently made changes to their positions in the company. Donald Smith & CO. Inc. lifted its position in Ternium by 19.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company's stock worth $87,903,000 after acquiring an additional 483,052 shares during the period. Ninety One UK Ltd lifted its holdings in shares of Ternium by 2.9% during the fourth quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock worth $70,313,000 after purchasing an additional 68,366 shares during the period. Ninety One North America Inc. boosted its position in Ternium by 0.7% in the fourth quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company's stock valued at $25,104,000 after buying an additional 6,342 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Ternium by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company's stock valued at $11,437,000 after buying an additional 5,000 shares during the last quarter. Finally, Woodline Partners LP increased its holdings in Ternium by 28.0% in the 4th quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company's stock worth $10,634,000 after buying an additional 79,935 shares during the period. 11.98% of the stock is owned by institutional investors and hedge funds.

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Ternium Stock Up 6.8 %

The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The business's 50-day simple moving average is $30.35 and its 200-day simple moving average is $31.84. The company has a market capitalization of $5.16 billion, a PE ratio of -93.96, a price-to-earnings-growth ratio of 0.38 and a beta of 1.56.

Ternium (NYSE:TX - Get Free Report) last issued its earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($1.39). Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The business had revenue of $3.88 billion for the quarter, compared to analysts' expectations of $4.18 billion. As a group, equities research analysts anticipate that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be paid a $1.80 dividend. This is an increase from Ternium's previous semi-annual dividend of $0.09. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 10.3%. Ternium's dividend payout ratio is presently -1,285.71%.

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.