Short Interest in Ternium S.A. (NYSE:TX) Expands By 19.0%

Ternium S.A. (NYSE:TX - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 1,100,000 shares, a growth of 19.0% from the February 28th total of 924,300 shares. Based on an average daily trading volume, of 260,700 shares, the days-to-cover ratio is presently 4.2 days. Approximately 0.6% of the shares of the stock are sold short.

Ternium Trading Down 6.1 %

Ternium stock traded down $1.72 during trading hours on Monday, hitting $26.48. The stock had a trading volume of 437,230 shares, compared to its average volume of 234,756. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of -94.57, a P/E/G ratio of 0.38 and a beta of 1.56. 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 business's 50 day simple moving average is $30.55 and its 200-day simple moving average is $31.96. Ternium has a one year low of $25.97 and a one year high of $44.44.

Ternium (NYSE:TX - Get Free Report) last issued its quarterly earnings data 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). Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $4.18 billion. On average, equities analysts predict that Ternium will post 4.37 EPS for the current fiscal year.

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Ternium Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be paid a $1.80 dividend. This is a boost from Ternium's previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 10.3%. Ternium's payout ratio is currently -1,285.71%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TX shares. Bank of America reissued an "underperform" rating and set a $25.00 target price on shares of Ternium in a research note on Monday. UBS Group assumed coverage on shares of Ternium in a research report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price objective for the company. Finally, The Goldman Sachs Group dropped their price objective on shares of Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $37.00.

Institutional Trading of Ternium

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Ternium by 4,630.9% in the 1st quarter. GAMMA Investing LLC now owns 59,609 shares of the basic materials company's stock valued at $1,913,000 after buying an additional 58,349 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Ternium by 15.5% in the fourth quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company's stock worth $6,073,000 after acquiring an additional 28,054 shares during the period. Woodline Partners LP boosted its holdings in Ternium by 28.0% in the fourth quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company's stock valued at $10,634,000 after acquiring an additional 79,935 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Ternium during the 4th quarter valued at approximately $856,000. Finally, PointState Capital LP bought a new position in Ternium during the 4th quarter worth approximately $4,112,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.

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.