Ternium S.A. (TX) To Go Ex-Dividend on November 10th

Ternium S.A. (NYSE:TX) announced a dividend on Tuesday, October 28th. Shareholders of record on Monday, November 10th will be given a dividend of 0.90 per share by the basic materials company on Friday, November 14th. This represents a yield of 519.0%. The ex-dividend date is Monday, November 10th.

Ternium has raised its dividend by an average of 0.2%per year over the last three years. Ternium has a dividend payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ternium to earn $6.05 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 29.8%.

Ternium Price Performance

Shares of NYSE TX opened at $36.25 on Friday. The firm has a 50-day simple moving average of $35.34 and a 200-day simple moving average of $32.09. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 12.21 and a beta of 1.55. The company has a quick ratio of 1.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. Ternium has a 52 week low of $24.00 and a 52 week high of $38.15.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). Ternium had a return on equity of 1.88% and a net margin of 3.72%.The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the business posted $0.16 EPS. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, equities analysts predict that Ternium will post 4.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ternium

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Ternium by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 303 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ternium by 142.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 736 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Ternium by 201,700.0% during the 1st quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 2,017 shares in the last quarter. Blue Trust Inc. raised its position in shares of Ternium by 17.5% during the 3rd quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 335 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Ternium during the 2nd quarter worth about $119,000. 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.