Ternium (NYSE:TX) Reaches New 52-Week Low - Should You Sell?

Ternium S.A. (NYSE:TX - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as $24.00 and last traded at $26.31, with a volume of 394101 shares trading hands. The stock had previously closed at $24.63.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TX. UBS Group started coverage on shares of Ternium in a research note on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 price target for the company. The Goldman Sachs Group cut their target price on shares of Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Finally, Bank of America reiterated an "underperform" rating and issued a $25.00 price target on shares of Ternium in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $37.00.

Ternium Trading Down 1.1 %

The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. The firm's 50-day simple moving average is $29.98 and its 200 day simple moving average is $31.49. The stock has a market capitalization of $5.37 billion, a P/E ratio of -95.71, a PEG ratio of 0.38 and a beta of 1.56.

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

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Ternium Increases Dividend

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

Institutional Trading of Ternium

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its stake in shares of Ternium by 500.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company's stock worth $35,000 after purchasing an additional 1,000 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Ternium by 249.5% during the fourth quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company's stock worth $49,000 after buying an additional 1,200 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Ternium in the fourth quarter valued at approximately $54,000. GAMMA Investing LLC grew its stake in shares of Ternium by 51.8% in the first quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company's stock worth $60,000 after acquiring an additional 653 shares during the last quarter. Finally, Aquatic Capital Management LLC raised its stake in Ternium by 28.4% during the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company's stock valued at $63,000 after purchasing an additional 482 shares during the last quarter. Institutional investors and hedge funds own 11.98% of the company's stock.

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.