Ternium (NYSE:TX) Downgraded by StockNews.com to “Hold”

Ternium (NYSE:TX) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Ternium Trading Down 0.6 %

Shares of Ternium stock opened at $34.24 on Thursday. The company’s fifty day simple moving average is $35.02 and its 200-day simple moving average is $36.85. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 85.60, a PEG ratio of 0.25 and a beta of 1.77. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. Ternium has a 1 year low of $30.68 and a 1 year high of $44.44.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Ternium by 72.1% in the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 385 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Ternium by 2.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,751 shares of the basic materials company’s stock worth $1,699,000 after purchasing an additional 1,067 shares during the period. Blue Trust Inc. lifted its holdings in shares of Ternium by 3,152.3% during the second quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 1,387 shares during the period. Inspire Investing LLC lifted its holdings in shares of Ternium by 5.0% during the second quarter. Inspire Investing LLC now owns 38,136 shares of the basic materials company’s stock valued at $1,432,000 after acquiring an additional 1,816 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of Ternium by 28.9% during the second quarter. QRG Capital Management Inc. now owns 9,110 shares of the basic materials company’s stock valued at $342,000 after acquiring an additional 2,045 shares during the period. 11.98% of the stock is owned by institutional investors.

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.