Ternium (NYSE:TX) Sees Strong Trading Volume – Here’s What Happened

Ternium S.A. (NYSE:TX) shares saw unusually-high trading volume on Wednesday . Approximately 289,010 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 177,875 shares.The stock last traded at $29.91 and had previously closed at $29.13.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Ternium Stock Performance

The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average is $30.35 and its two-hundred day moving average is $33.24. The stock has a market capitalization of $5.87 billion, a P/E ratio of 74.80, a P/E/G ratio of 0.34 and a beta of 1.76.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the business earned $1.38 EPS. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a dividend yield of 8.5%. Ternium’s dividend payout ratio is presently 450.01%.

Institutional Trading of Ternium

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Ternium by 72.1% during the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock worth $34,000 after buying an additional 385 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Ternium by 216.9% during the 3rd quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company’s stock worth $170,000 after acquiring an additional 3,104 shares in the last quarter. Oldfield Partners LLP grew its holdings in shares of Ternium by 1.9% in the 3rd quarter. Oldfield Partners LLP now owns 261,836 shares of the basic materials company’s stock worth $9,664,000 after acquiring an additional 4,800 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Ternium in the 3rd quarter worth $1,353,000. Finally, Donald Smith & CO. Inc. raised its position in shares of Ternium by 88.6% during the third quarter. Donald Smith & CO. Inc. now owns 2,539,751 shares of the basic materials company’s stock worth $93,742,000 after purchasing an additional 1,193,110 shares during the period. Institutional investors and hedge funds own 11.98% of the company’s stock.

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.