Ternium S.A. (NYSE:TX) Short Interest Up 208.1% in March

Ternium S.A. (NYSE:TX - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 364,800 shares, a growth of 208.1% from the March 15th total of 118,400 shares. Based on an average trading volume of 167,700 shares, the short-interest ratio is presently 2.2 days.

Ternium Stock Performance

Shares of Ternium stock traded down $0.98 during trading on Thursday, hitting $43.20. 280,336 shares of the company's stock were exchanged, compared to its average volume of 168,553. The business has a 50-day simple moving average of $39.98 and a 200-day simple moving average of $39.40. Ternium has a 52-week low of $35.22 and a 52-week high of $45.58. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 12.45 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.86 and a current ratio of 3.17.

Ternium (NYSE:TX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $2.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.79. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.94 billion. Ternium had a net margin of 3.84% and a return on equity of 10.84%. Ternium's quarterly revenue was up 39.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. On average, research analysts forecast that Ternium will post 7.06 EPS for the current year.

Ternium Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, May 3rd will be paid a $2.20 dividend. This represents a dividend yield of 6.9%. This is an increase from Ternium's previous Semi-Annual dividend of $1.10. The ex-dividend date is Thursday, May 2nd. Ternium's payout ratio is 63.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Ternium from $48.00 to $51.50 and gave the company an "overweight" rating in a research note on Thursday, March 21st. The Goldman Sachs Group increased their price objective on shares of Ternium from $49.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. Finally, TheStreet upgraded shares of Ternium from a "c+" rating to a "b-" rating in a research note on Friday, January 12th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ternium presently has an average rating of "Buy" and an average target price of $50.83.

Institutional Investors Weigh In On Ternium

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Key Financial Inc grew its holdings in Ternium by 5,900.0% during the 4th quarter. Key Financial Inc now owns 600 shares of the basic materials company's stock worth $25,000 after acquiring an additional 590 shares in the last quarter. Clear Street Markets LLC acquired a new position in Ternium during the 4th quarter worth approximately $25,000. Fortis Capital Advisors LLC grew its holdings in Ternium by 1,971.9% during the 1st quarter. Fortis Capital Advisors LLC now owns 663 shares of the basic materials company's stock worth $27,000 after acquiring an additional 631 shares in the last quarter. Blue Trust Inc. acquired a new position in Ternium during the 4th quarter worth approximately $30,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Ternium by 49.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company's stock worth $45,000 after acquiring an additional 350 shares in the last quarter. 11.98% of the stock is owned by hedge funds and other institutional investors.

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.

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