Ternium (NYSE:TX) Sets New 52-Week Low – Should You Sell?

Shares of Ternium S.A. (NYSE:TX) reached a new 52-week low on Friday . The company traded as low as $30.58 and last traded at $30.63, with a volume of 271576 shares trading hands. The stock had previously closed at $31.73.

Analysts Set New Price Targets

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

Ternium Stock Down 3.2 %

The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 76.78, a P/E/G ratio of 0.47 and a beta of 1.74. The business’s 50-day moving average is $34.14 and its two-hundred day moving average is $35.37. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92.

Ternium (NYSE:TX) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period last year, the business posted $1.38 earnings per share. The business’s revenue for the quarter was down 13.6% compared to the same quarter last year. On average, equities analysts anticipate that Ternium S.A. will post 3.7 earnings per share for the current year.

Ternium Cuts Dividend

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

Institutional Investors Weigh In On Ternium

Several large investors have recently modified their holdings of TX. GAMMA Investing LLC grew its position in shares of Ternium by 72.1% in the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 385 shares during the period. Blue Trust Inc. raised its holdings in Ternium by 3,152.3% during the 2nd quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock worth $60,000 after buying an additional 1,387 shares during the period. Quantbot Technologies LP bought a new position in Ternium in the third quarter valued at approximately $242,000. Verition Fund Management LLC acquired a new position in shares of Ternium in the third quarter valued at approximately $244,000. Finally, Caprock Group LLC bought a new stake in shares of Ternium during the second quarter worth $295,000. 11.98% of the stock is currently owned by 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.