Ternium S.A. (NYSE:TX - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.15 and traded as high as $32.18. Ternium shares last traded at $31.56, with a volume of 285,866 shares changing hands.
Wall Street Analyst Weigh In
TX has been the topic of several research analyst reports. UBS Group began coverage on Ternium in a research note on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price objective on the stock. The Goldman Sachs Group reduced their price target on shares of Ternium from $45.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th.
Read Our Latest Stock Analysis on TX
Ternium Trading Down 2.2 %
The firm has a market cap of $6.10 billion, a P/E ratio of -110.96, a P/E/G ratio of 0.38 and a beta of 1.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. The firm has a fifty day moving average of $30.43 and a 200-day moving average of $32.14.
Ternium (NYSE:TX - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $4.18 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. Equities research analysts forecast that Ternium S.A. will post 4.37 earnings per share for the current year.
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 dividend of $1.80 per share. This represents a yield of 10.3%. This is a positive change from Ternium's previous semi-annual dividend of $0.09. The ex-dividend date is Friday, May 9th. Ternium's payout ratio is presently -1,285.71%.
Institutional Investors Weigh In On Ternium
Large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd grew its holdings in Ternium by 155.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,714 shares of the basic materials company's stock worth $728,000 after buying an additional 11,983 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Ternium in the third quarter worth $242,000. Verition Fund Management LLC acquired a new position in shares of Ternium during the third quarter valued at $244,000. State Street Corp increased its holdings in shares of Ternium by 422.1% during the third quarter. State Street Corp now owns 174,572 shares of the basic materials company's stock valued at $6,443,000 after purchasing an additional 141,134 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Ternium during the third quarter valued at about $6,743,000. Institutional investors and hedge funds own 11.98% of the company's stock.
About Ternium
(
Get Free Report)
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.
Featured Stories
Before you consider Ternium, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ternium wasn't on the list.
While Ternium currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
