Ternium (NYSE:TX) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Ternium S.A. (NYSE:TX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.15 and traded as high as $32.18. Ternium shares last traded at $31.56, with a volume of 285,866 shares trading hands.

Analysts Set New Price Targets

TX has been the topic of a number of analyst reports. UBS Group assumed coverage on Ternium in a research note on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price objective on the stock. The Goldman Sachs Group cut their price objective on shares of Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 6th.

Ternium Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. The stock has a market cap of $6.23 billion, a PE ratio of -113.37, a price-to-earnings-growth ratio of 0.38 and a beta of 1.76. The business has a 50 day moving average price of $30.37 and a two-hundred day moving average price of $32.15.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39). The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. As a group, equities research analysts forecast that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 10.3%. This is a boost from Ternium’s previous semi-annual dividend of $0.09. Ternium’s payout ratio is currently -1,285.71%.

Institutional Trading of Ternium

A number of hedge funds and other institutional investors have recently modified their holdings of TX. Principal Financial Group Inc. lifted its stake in shares of Ternium by 11.6% in the fourth quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company’s stock worth $2,650,000 after buying an additional 9,459 shares in the last quarter. Ninety One UK Ltd boosted its holdings in shares of Ternium by 2.9% during the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company’s stock valued at $70,313,000 after acquiring an additional 68,366 shares during the last quarter. State Street Corp grew its stake in shares of Ternium by 422.1% in the third quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock worth $6,443,000 after acquiring an additional 141,134 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of Ternium during the fourth quarter valued at approximately $204,000. Finally, Verition Fund Management LLC bought a new position in Ternium during the third quarter valued at approximately $244,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

About Ternium

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.