Tronox (NYSE:TROX) Sets New 12-Month Low at $13.67

Tronox Holdings plc (NYSE:TROXGet Rating) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.67 and last traded at $13.69, with a volume of 4190 shares trading hands. The stock had previously closed at $14.15.

Analyst Ratings Changes

A number of analysts have recently weighed in on TROX shares. Bank of America reduced their price objective on shares of Tronox from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday, June 14th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Tronox from $22.00 to $20.00 in a report on Friday, June 17th. Barclays lowered their target price on shares of Tronox from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, July 11th. StockNews.com raised shares of Tronox from a “hold” rating to a “buy” rating in a report on Saturday, August 27th. Finally, BMO Capital Markets lowered their target price on shares of Tronox from $28.00 to $21.00 in a report on Friday, July 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Tronox Trading Up 2.5 %

The company’s 50-day moving average is $15.36 and its 200-day moving average is $17.30. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 3.72, a P/E/G ratio of 0.32 and a beta of 1.89. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.01 and a current ratio of 2.26.

Tronox (NYSE:TROXGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $945.00 million for the quarter, compared to the consensus estimate of $1 billion. Tronox had a net margin of 15.97% and a return on equity of 20.25%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. On average, research analysts predict that Tronox Holdings plc will post 3.27 earnings per share for the current year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Monday, August 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.50 dividend on an annualized basis and a yield of 3.64%. Tronox’s payout ratio is presently 13.55%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP lifted its position in Tronox by 168.6% during the 4th quarter. Marshall Wace LLP now owns 1,205,696 shares of the company’s stock valued at $28,973,000 after purchasing an additional 756,737 shares during the period. American Century Companies Inc. raised its position in shares of Tronox by 15.9% in the 1st quarter. American Century Companies Inc. now owns 910,466 shares of the company’s stock valued at $18,018,000 after acquiring an additional 124,819 shares during the period. Soviero Asset Management LP raised its position in shares of Tronox by 25.3% in the 4th quarter. Soviero Asset Management LP now owns 940,000 shares of the company’s stock valued at $22,588,000 after acquiring an additional 190,000 shares during the period. Eisler Capital UK Ltd. acquired a new stake in shares of Tronox in the 4th quarter valued at approximately $577,000. Finally, Private Capital Management LLC raised its position in shares of Tronox by 1.1% in the 4th quarter. Private Capital Management LLC now owns 1,151,509 shares of the company’s stock valued at $27,671,000 after acquiring an additional 12,305 shares during the period. 66.93% of the stock is currently owned by institutional investors and hedge funds.

About Tronox

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Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; titanium tetrachloride; and other products.

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