Ternium S.A. (NYSE:TX) Short Interest Update

Ternium S.A. (NYSE:TX) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 656,000 shares, a decline of 18.1% from the October 15th total of 801,300 shares. Based on an average daily volume of 179,800 shares, the short-interest ratio is presently 3.6 days.

Hedge Funds Weigh In On Ternium

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Ternium by 72.1% in the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock worth $34,000 after buying an additional 385 shares during the period. Blue Trust Inc. increased its stake in shares of Ternium by 3,152.3% in the second quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 1,387 shares during the period. SG Americas Securities LLC purchased a new position in shares of Ternium during the first quarter worth $107,000. Virtus Investment Advisers Inc. acquired a new position in Ternium during the first quarter valued at $202,000. Finally, Quantbot Technologies LP purchased a new stake in Ternium in the third quarter valued at $242,000. 11.98% of the stock is owned by institutional investors and hedge funds.

Ternium Stock Up 2.3 %

TX stock traded up $0.77 on Friday, hitting $34.19. 203,726 shares of the company’s stock were exchanged, compared to its average volume of 162,045. The firm has a 50 day moving average price of $35.08 and a two-hundred day moving average price of $36.72. Ternium has a 12-month low of $30.68 and a 12-month high of $44.44. The stock has a market cap of $6.71 billion, a P/E ratio of 85.48, a price-to-earnings-growth ratio of 0.24 and a beta of 1.77. 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 issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.45 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The company’s revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 earnings per share. As a group, equities research analysts expect that Ternium will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a dividend yield of 8.5%. Ternium’s payout ratio is currently 1,100.03%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Ternium from a “buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $52.33.

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.