A number of research analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of Ternium from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Friday. JPMorgan Chase & Co. cut shares of Ternium from an “overweight” rating to a “neutral” rating and set a $25.50 price objective for the company. in a report on Monday, May 6th. Zacks Investment Research cut shares of Ternium from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Scotiabank cut shares of Ternium from an “outperform” rating to a “sector perform” rating in a report on Thursday, March 14th. Finally, Credit Suisse Group cut shares of Ternium from an “outperform” rating to a “neutral” rating in a report on Thursday, February 28th.
Hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. purchased a new position in Ternium in the fourth quarter worth approximately $2,403,000. PNC Financial Services Group Inc. lifted its stake in Ternium by 83.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,468 shares of the basic materials company’s stock worth $94,000 after acquiring an additional 1,578 shares during the last quarter. Northern Trust Corp lifted its stake in Ternium by 633.9% in the fourth quarter. Northern Trust Corp now owns 160,327 shares of the basic materials company’s stock worth $4,345,000 after acquiring an additional 138,482 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Ternium in the fourth quarter worth approximately $57,000. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in Ternium by 2.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 525,936 shares of the basic materials company’s stock worth $14,254,000 after acquiring an additional 13,985 shares during the last quarter.
Ternium (NYSE:TX) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.12. Ternium had a net margin of 12.13% and a return on equity of 19.73%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the business earned $1.73 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, research analysts expect that Ternium will post 4.2 EPS for the current fiscal year.
The firm also recently disclosed an annual dividend, which was paid on Friday, May 17th. Investors of record on Thursday, May 9th were issued a $1.20 dividend. This represents a dividend yield of 4.39%. The ex-dividend date of this dividend was Wednesday, May 8th. Ternium’s dividend payout ratio (DPR) is currently 15.65%.
Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron; and sells energy.
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