Ternium (NYSE:TX) Reaches New 52-Week Low – Should You Sell?

Ternium S.A. (NYSE:TX)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $29.10 and last traded at $29.10, with a volume of 87533 shares traded. The stock had previously closed at $29.29.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Ternium from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Ternium Trading Down 0.3 %

The business’s 50 day simple moving average is $33.62 and its 200 day simple moving average is $35.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 72.43, a price-to-earnings-growth ratio of 0.47 and a beta of 1.74.

Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. Research analysts anticipate that Ternium S.A. will post 3.7 EPS for the current year.

Ternium Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were paid a dividend of $0.09 per share. This represents a dividend yield of 8.5%. The ex-dividend date was Monday, November 18th. Ternium’s dividend payout ratio (DPR) is presently 450.00%.

Institutional Trading of Ternium

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Ternium in the third quarter valued at $1,353,000. Renaissance Technologies LLC increased its holdings in shares of Ternium by 43.0% in the 2nd quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company’s stock valued at $9,710,000 after purchasing an additional 77,800 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Ternium by 22.0% in the second quarter. Sei Investments Co. now owns 203,632 shares of the basic materials company’s stock valued at $7,646,000 after purchasing an additional 36,722 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in Ternium by 12.3% during the second quarter. Deprince Race & Zollo Inc. now owns 160,270 shares of the basic materials company’s stock worth $6,018,000 after buying an additional 17,552 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its holdings in Ternium by 88.6% in the third quarter. Donald Smith & CO. Inc. now owns 2,539,751 shares of the basic materials company’s stock valued at $93,742,000 after buying an additional 1,193,110 shares in the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Company Profile

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.