Ternium (NYSE:TX) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Ternium S.A. (NYSE:TX) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $38.49 and traded as high as $38.96. Ternium shares last traded at $38.2910, with a volume of 95,530 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TX. Wells Fargo & Company cut their price target on shares of Ternium from $34.00 to $33.00 and set an “underweight” rating for the company in a report on Thursday, February 19th. Weiss Ratings raised shares of Ternium from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Zacks Research downgraded shares of Ternium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, UBS Group upped their target price on Ternium from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.94.

Ternium Stock Performance

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 stock has a market cap of $7.68 billion, a price-to-earnings ratio of 17.73 and a beta of 1.32. The company has a 50 day simple moving average of $41.97 and a 200 day simple moving average of $38.49.

Ternium (NYSE:TX) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.15). The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.81 billion. Ternium had a return on equity of 3.06% and a net margin of 2.72%.The firm’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted ($0.42) EPS. As a group, equities research analysts forecast that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TX. Lazard Asset Management LLC lifted its stake in shares of Ternium by 8.5% in the 3rd quarter. Lazard Asset Management LLC now owns 5,813,570 shares of the basic materials company’s stock valued at $201,905,000 after acquiring an additional 454,798 shares during the last quarter. Donald Smith & CO. Inc. grew its position in 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 acquiring an additional 312,595 shares during the last quarter. Schroder Investment Management Group grew its position in Ternium by 11.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,177,525 shares of the basic materials company’s stock worth $65,544,000 after acquiring an additional 216,301 shares during the last quarter. Cape Ann Asset Management Ltd increased its holdings in Ternium by 20.5% in the 4th quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock worth $40,812,000 after purchasing an additional 182,000 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Ternium by 569.4% in the 1st quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock worth $3,952,000 after purchasing an additional 107,880 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

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.