Ternium (NYSE:TX) Sees Strong Trading Volume

Ternium S.A. (NYSE:TX) saw unusually-high trading volume on Tuesday . Approximately 166,539 shares changed hands during trading, a decline of 23% from the previous session’s volume of 215,675 shares.The stock last traded at $36.39 and had previously closed at $37.50.

Analyst Ratings Changes

TX has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on Ternium from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. The Goldman Sachs Group increased their target price on Ternium from $49.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, StockNews.com raised Ternium from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $52.33.

Ternium Stock Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 3.32 and a quick ratio of 1.98. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 0.17 and a beta of 1.75. The firm has a fifty day moving average of $41.82 and a 200 day moving average of $40.78.

Ternium (NYSE:TX) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.30 by $0.54. The firm had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.77 billion. Ternium had a return on equity of 10.21% and a net margin of 3.53%. The business’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 earnings per share. As a group, sell-side analysts forecast that Ternium S.A. will post 7.95 EPS for the current year.

Institutional Investors Weigh In On Ternium

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Key Financial Inc boosted its holdings in Ternium by 5,900.0% in the fourth quarter. Key Financial Inc now owns 600 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 590 shares during the period. Blue Trust Inc. purchased a new stake in Ternium in the 4th quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC boosted its holdings in Ternium by 49.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 350 shares in the last quarter. Activest Wealth Management purchased a new stake in shares of Ternium during the 1st quarter worth approximately $44,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Ternium by 19.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 287 shares in the last quarter. 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.