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

Ternium S.A. (NYSE:TX) has earned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $35.9375.

Several analysts recently commented on TX shares. Wells Fargo & Company dropped their price target on shares of Ternium from $34.00 to $33.00 and set an “underweight” rating on the stock in a research report on Thursday, February 19th. Zacks Research downgraded shares of Ternium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. UBS Group raised their target price on Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Monday, December 15th. Scotiabank restated a “sector perform” rating and issued a $40.00 price target on shares of Ternium in a research note on Thursday, March 26th. Finally, Weiss Ratings raised Ternium from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 20th.

Institutional Investors Weigh In On Ternium

A number of institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH grew 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 valued at $2,018,000 after purchasing an additional 22,823 shares during the period. Lazard Asset Management LLC raised its position in shares of 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 purchasing an additional 237,741 shares during the last quarter. Donald Smith & CO. Inc. raised its position in shares of Ternium by 10.1% during 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 last quarter. Oaktree Capital Management LP lifted 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 valued at $27,683,000 after buying an additional 107,100 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in Ternium by 11.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,177,525 shares of the basic materials company’s stock valued at $65,544,000 after buying an additional 216,301 shares in the last quarter. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Stock Up 1.9%

Shares of TX stock opened at $40.90 on Friday. Ternium has a twelve month low of $24.00 and a twelve month high of $45.57. The stock has a market cap of $8.20 billion, a P/E ratio of 18.93 and a beta of 1.27. The stock has a 50 day moving average of $41.58 and a 200 day moving average of $38.71. The company has a current ratio of 2.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.12.

Ternium (NYSE:TX) last released its quarterly earnings data on Saturday, February 14th. The basic materials company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.15). The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Ternium had a return on equity of 3.06% and a net margin of 2.72%.The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.42) EPS. As a group, sell-side analysts expect that Ternium will post 4.37 EPS for the current year.

Ternium Announces Dividend

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

Ternium Company Profile

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.