Ternium (NYSE:TX) Given "Underperform" Rating at Bank of America

Bank of America reaffirmed their underperform rating on shares of Ternium (NYSE:TX - Free Report) in a report issued on Monday, MarketBeat reports. They currently have a $25.00 target price on the basic materials company's stock.

Several other research analysts have also recently issued reports on the company. The Goldman Sachs Group dropped their target price on Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. UBS Group initiated coverage on Ternium in a research report on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 price target for the company. One equities 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's stock. Based on data from MarketBeat, Ternium currently has a consensus rating of "Hold" and an average price target of $37.00.

Ternium Stock Up 2.8 %

NYSE:TX traded up $0.74 on Monday, reaching $26.57. 174,545 shares of the stock traded hands, compared to its average volume of 233,442. 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 company has a market capitalization of $5.33 billion, a price-to-earnings ratio of -94.87, a PEG ratio of 0.38 and a beta of 1.56. Ternium has a 12 month low of $24.00 and a 12 month high of $44.25. The company's fifty day simple moving average is $30.02 and its 200 day simple moving average is $31.59.

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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 the consensus estimate 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 company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $4.18 billion. Equities analysts predict that Ternium will post 4.37 EPS for the current fiscal year.

Ternium Increases Dividend

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

Institutional Investors Weigh In On Ternium

Institutional investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. increased its stake in Ternium by 19.0% in 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 last quarter. Ninety One UK Ltd increased its position in Ternium by 2.9% in 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 last quarter. Ninety One North America Inc. raised its stake in Ternium by 0.7% during 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 purchasing an additional 6,342 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Ternium by 1.3% during 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 purchasing an additional 5,000 shares during the last quarter. Finally, Woodline Partners LP grew its stake in shares of 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 in the last quarter. 11.98% of the stock is owned by hedge funds and other institutional investors.

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.