Ternium S.A. (NYSE:TX) Short Interest Down 20.6% in August

Ternium S.A. (NYSE:TX) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 679,100 shares, a decline of 20.6% from the August 15th total of 854,900 shares. Based on an average daily trading volume, of 217,000 shares, the short-interest ratio is presently 3.1 days.

Ternium Trading Up 2.9 %

Ternium stock opened at $33.35 on Monday. Ternium has a 1 year low of $30.68 and a 1 year high of $44.44. The firm’s 50 day moving average price is $34.52 and its two-hundred day moving average price is $38.63. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 0.14 and a beta of 1.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.57 and a current ratio of 2.74.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($1.36). Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the previous year, the firm earned $3.19 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. On average, research analysts predict that Ternium will post 7.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TX shares. JPMorgan Chase & Co. increased their price objective on Ternium from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. StockNews.com raised Ternium from a “hold” rating to a “buy” rating in a report on Monday, August 19th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $52.33.

Institutional Trading of Ternium

A number of hedge funds have recently bought and sold shares of TX. Activest Wealth Management acquired a new position in Ternium during the first quarter valued at $44,000. Blue Trust Inc. raised 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 worth $60,000 after acquiring an additional 1,387 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Ternium by 19.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 287 shares during the last quarter. SG Americas Securities LLC purchased a new position in Ternium in the first quarter valued at about $107,000. Finally, Virtus Investment Advisers Inc. acquired a new position in Ternium in the 1st quarter worth about $202,000. 11.98% of the stock is owned by hedge funds and other 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.