Ternium S.A. (NYSE:TX - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 157,336 shares traded hands during trading, a decline of 7% from the previous session's volume of 169,795 shares.The stock last traded at $43.00 and had previously closed at $42.60.
Wall Street Analysts Forecast Growth
TX has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on Ternium from $48.00 to $51.50 and gave the company an "overweight" rating in a research note on Thursday, March 21st. TheStreet raised Ternium from a "c+" rating to a "b-" rating in a research report on Friday, January 12th. Finally, The Goldman Sachs Group raised their target price on Ternium from $49.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, April 4th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $50.83.
Check Out Our Latest Stock Analysis on TX
Ternium Stock Performance
The company has a market capitalization of $8.59 billion, a PE ratio of 12.50 and a beta of 1.69. The company has a 50 day moving average of $40.15 and a two-hundred day moving average of $39.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.17 and a quick ratio of 1.86.
Ternium (NYSE:TX - Get Free Report) last released its earnings results on Tuesday, February 20th. The basic materials company reported $2.11 EPS for the quarter, topping the consensus estimate of $1.32 by $0.79. Ternium had a return on equity of 10.84% and a net margin of 3.84%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the previous year, the company posted $0.20 earnings per share. The company's revenue for the quarter was up 39.1% compared to the same quarter last year. As a group, equities research analysts predict that Ternium S.A. will post 6.91 earnings per share for the current year.
Ternium Increases Dividend
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, May 3rd will be issued a dividend of $2.20 per share. This is an increase from Ternium's previous Semi-Annual dividend of $1.10. This represents a dividend yield of 6.9%. The ex-dividend date is Thursday, May 2nd. Ternium's dividend payout ratio is presently 63.95%.
Institutional Trading of Ternium
A number of hedge funds and other institutional investors have recently bought and sold shares of TX. Quadrature Capital Ltd purchased a new stake in shares of Ternium during the fourth quarter worth about $793,000. Wellington Management Group LLP grew its holdings in Ternium by 25.6% during the 4th quarter. Wellington Management Group LLP now owns 248,980 shares of the basic materials company's stock valued at $10,574,000 after buying an additional 50,743 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Ternium by 27.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 308,243 shares of the basic materials company's stock valued at $13,091,000 after buying an additional 67,168 shares in the last quarter. Virtus ETF Advisers LLC grew its holdings in Ternium by 8.0% during the 4th quarter. Virtus ETF Advisers LLC now owns 5,313 shares of the basic materials company's stock valued at $226,000 after buying an additional 394 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in shares of Ternium by 2,050.7% in the 4th quarter. Voloridge Investment Management LLC now owns 121,171 shares of the basic materials company's stock valued at $5,146,000 after purchasing an additional 115,537 shares during the last quarter. Hedge funds and other institutional investors own 11.98% of the company's stock.
About Ternium
(
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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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