Tronox (NYSE:TROX) Given New $10.00 Price Target at Truist Financial

Tronox (NYSE:TROX) had its price target decreased by Truist Financial from $14.00 to $10.00 in a report released on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Morgan Stanley dropped their price target on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. UBS Group cut their price target on shares of Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Mizuho lowered their price objective on shares of Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group dropped their price objective on shares of Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.93.

Tronox Trading Up 4.4 %

NYSE:TROX opened at $5.46 on Monday. Tronox has a 1 year low of $4.35 and a 1 year high of $20.70. The stock’s fifty day moving average price is $7.23 and its two-hundred day moving average price is $10.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The company has a market cap of $862.34 million, a P/E ratio of -17.61 and a beta of 1.53.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. As a group, analysts expect that Tronox will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 3rd were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 9.16%. The ex-dividend date of this dividend was Monday, March 3rd. Tronox’s dividend payout ratio is -161.29%.

Insider Activity at Tronox

In other Tronox news, Director Stephen J. Jones purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was bought at an average price of $7.17 per share, with a total value of $215,100.00. Following the completion of the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at $215,100. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its position in Tronox by 832.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock valued at $38,000 after acquiring an additional 3,397 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Tronox during the 3rd quarter valued at about $66,000. KBC Group NV boosted its stake in Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after acquiring an additional 2,590 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Tronox by 1,070.2% during the first quarter. GAMMA Investing LLC now owns 11,257 shares of the company’s stock valued at $79,000 after purchasing an additional 10,295 shares in the last quarter. Finally, Mariner LLC purchased a new position in shares of Tronox during the fourth quarter valued at approximately $105,000. 73.36% of the stock is currently owned by institutional investors.

Tronox Company Profile

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; monazite; titanium tetrachloride; and other products.