Ternium S.A. (NYSE:TX) Receives Average Rating of “Hold” from Brokerages

Ternium S.A. (NYSE:TX) has received an average rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $36.3571.

A number of research firms recently commented on TX. Zacks Research cut Ternium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. UBS Group increased their price objective on Ternium from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings raised Ternium from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Wells Fargo & Company dropped their target price on Ternium from $34.00 to $33.00 and set an “underweight” rating for the company in a research report on Thursday, February 19th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $40.00 target price on shares of Ternium in a research note on Thursday, March 26th.

Ternium Trading Up 0.3%

Shares of Ternium stock opened at $39.95 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.49 and a quick ratio of 1.45. Ternium has a 1 year low of $24.00 and a 1 year high of $45.57. The firm has a market cap of $8.01 billion, a PE ratio of 18.50 and a beta of 1.27. The company has a 50 day simple moving average of $41.43 and a two-hundred day simple moving average of $38.75.

Ternium (NYSE:TX) last issued its quarterly earnings results on Saturday, February 14th. The basic materials company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.15). Ternium had a return on equity of 3.06% and a net margin of 2.72%.The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the company earned ($0.42) EPS. Ternium’s quarterly revenue was down 2.6% on a year-over-year basis. Analysts expect that Ternium will post 4.37 earnings per share for the current fiscal year.

Ternium Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, May 14th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a dividend yield of 413.0%. Ternium’s dividend payout ratio is 83.33%.

Hedge Funds Weigh In On Ternium

Institutional investors and hedge funds have recently made changes to their positions in the business. Allianz Asset Management GmbH lifted its stake in shares of Ternium by 64.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 58,115 shares of the basic materials company’s stock valued at $2,018,000 after acquiring an additional 22,823 shares during the last quarter. Lazard Asset Management LLC grew its position in Ternium by 4.6% during the 2nd quarter. Lazard Asset Management LLC now owns 5,358,772 shares of the basic materials company’s stock worth $161,298,000 after acquiring an additional 237,741 shares during the last quarter. Donald Smith & CO. Inc. increased its stake in Ternium by 10.1% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,412,385 shares of the basic materials company’s stock worth $102,713,000 after purchasing an additional 312,595 shares during the period. Oaktree Capital Management LP increased its stake in Ternium by 13.2% in the 2nd quarter. Oaktree Capital Management LP now owns 919,709 shares of the basic materials company’s stock worth $27,683,000 after purchasing an additional 107,100 shares during the period. Finally, Schroder Investment Management Group lifted its position in Ternium by 11.0% in the second quarter. Schroder Investment Management Group now owns 2,177,525 shares of the basic materials company’s stock valued at $65,544,000 after purchasing an additional 216,301 shares during the last quarter. Institutional investors own 11.98% of the company’s stock.

About Ternium

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot?rolled and cold?rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.