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

Ternium S.A. (NYSE:TX) has been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $35.9375.

A number of analysts have recently issued reports on TX shares. Weiss Ratings upgraded Ternium from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Wells Fargo & Company lowered their target price on shares of Ternium from $34.00 to $33.00 and set an “underweight” rating on the stock in a research note on Thursday, February 19th. UBS Group lifted their target price on shares of Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Monday, December 15th. Finally, Zacks Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th.

Ternium Price Performance

TX opened at $39.09 on Tuesday. The firm has a 50-day moving average price of $42.15 and a 200-day moving average price of $38.04. Ternium has a twelve month low of $24.00 and a twelve month high of $45.57. The company has a quick ratio of 1.45, a current ratio of 2.49 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 18.10 and a beta of 1.32.

Ternium (NYSE:TX) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.62 earnings per share (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 $3.78 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period last year, the company posted ($0.42) EPS. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. Equities analysts expect that Ternium will post 4.37 EPS for the current year.

Ternium Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.90 per share. This represents a yield of 413.0%. The ex-dividend date is Thursday, May 14th. Ternium’s dividend payout ratio (DPR) is presently 83.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allianz Asset Management GmbH boosted its position in shares of Ternium by 64.7% in the third quarter. Allianz Asset Management GmbH now owns 58,115 shares of the basic materials company’s stock worth $2,018,000 after purchasing an additional 22,823 shares during the period. Lazard Asset Management LLC boosted its holdings in Ternium by 4.6% in 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 buying an additional 237,741 shares during the period. 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 buying an additional 312,595 shares in the last quarter. Oaktree Capital Management LP raised its holdings in Ternium by 13.2% during the second quarter. Oaktree Capital Management LP now owns 919,709 shares of the basic materials company’s stock valued at $27,683,000 after acquiring an additional 107,100 shares during the period. Finally, Schroder Investment Management Group lifted its position in shares of 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 acquiring an additional 216,301 shares in the last quarter. 11.98% of the stock is owned by institutional investors.

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.