Ternium (NYSE:TX) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Ternium S.A. (NYSE:TX) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.85 and traded as high as $43.80. Ternium shares last traded at $43.3340, with a volume of 330,879 shares.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TX shares. Wells Fargo & Company reduced their price objective on shares of Ternium from $34.00 to $33.00 and set an “underweight” rating for the company in a report on Thursday, February 19th. UBS Group raised their price target on shares of Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Monday, December 15th. Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Finally, Weiss Ratings raised Ternium from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.94.

Ternium Price Performance

The company has a current ratio of 2.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.12. The company has a market cap of $8.36 billion, a PE ratio of 19.31 and a beta of 1.32. The firm has a 50 day moving average of $42.10 and a two-hundred day moving average of $37.94.

Ternium (NYSE:TX) last released its earnings results on Wednesday, February 18th. The basic materials company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.15). Ternium had a return on equity of 3.06% and a net margin of 2.72%.The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the firm posted ($0.42) earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year. Research analysts predict that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, May 14th will be given a dividend of $0.90 per share. This represents a yield of 413.0%. The ex-dividend date of this dividend is Thursday, May 14th. Ternium’s dividend payout ratio is 83.33%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of Ternium by 10.0% during the fourth quarter. Empowered Funds LLC now owns 95,129 shares of the basic materials company’s stock valued at $3,633,000 after buying an additional 8,630 shares during the last quarter. Quadrature Capital Ltd bought a new position in Ternium in the 4th quarter valued at approximately $331,000. Numerai GP LLC boosted its stake in Ternium by 206.4% during the 4th quarter. Numerai GP LLC now owns 40,743 shares of the basic materials company’s stock valued at $1,556,000 after purchasing an additional 27,447 shares during the last quarter. Millennium Management LLC boosted its stake in Ternium by 386.4% during the 4th quarter. Millennium Management LLC now owns 76,026 shares of the basic materials company’s stock valued at $2,903,000 after purchasing an additional 60,397 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Ternium by 8.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 11,220 shares of the basic materials company’s stock worth $430,000 after purchasing an additional 883 shares in the last quarter. 11.98% of the stock is owned by hedge funds and other institutional investors.

About Ternium

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.