Ternium S.A. (NYSE:TX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ternium S.A. (NYSE:TX) have been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $41.8125.

A number of equities analysts recently commented on the stock. Bank of America raised shares of Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Monday, April 13th. Weiss Ratings raised shares of Ternium from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Wells Fargo & Company boosted their price objective on shares of Ternium from $36.00 to $43.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Zacks Research downgraded shares of Ternium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $40.00 price target on shares of Ternium in a research report on Thursday, March 26th.

Ternium Stock Performance

Shares of NYSE:TX opened at $42.67 on Friday. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 14.66 and a beta of 1.26. Ternium has a 52 week low of $27.12 and a 52 week high of $49.69. The company has a quick ratio of 1.53, a current ratio of 2.63 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $41.44 and a 200 day moving average of $40.31.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. The company had revenue of $3.93 billion during the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. On average, sell-side analysts predict that Ternium will post 4.04 earnings per share for the current fiscal year.

Ternium Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a dividend yield of 588.0%. Ternium’s dividend payout ratio is presently 89.35%.

Hedge Funds Weigh In On Ternium

A number of large investors have recently made changes to their positions in the business. Lazard Asset Management LLC increased its position in shares of Ternium by 8.0% during the first quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company’s stock worth $254,395,000 after purchasing an additional 469,846 shares in the last quarter. Empirical Finance LLC increased its position in shares of Ternium by 69.4% during the first quarter. Empirical Finance LLC now owns 161,171 shares of the basic materials company’s stock worth $6,471,000 after purchasing an additional 66,042 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Ternium by 586.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 97,202 shares of the basic materials company’s stock worth $3,903,000 after purchasing an additional 83,041 shares in the last quarter. Militia Capital Management LLC acquired a new position in shares of Ternium during the first quarter worth $1,486,000. Finally, Parallel Advisors LLC increased its position in shares of Ternium by 101.3% during the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. 11.98% of the stock is owned by institutional investors and hedge funds.

About Ternium

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.