Tronox Holdings plc (NYSE:TROX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Tronox Holdings plc (NYSE:TROX) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.21.

A number of research analysts have commented on the company. Morgan Stanley reduced their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group reduced their price objective on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. UBS Group lowered their target price on shares of Tronox from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday. Mizuho reduced their price target 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, Truist Financial lowered their price objective on shares of Tronox from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, April 14th.

Tronox Stock Up 4.7 %

Shares of NYSE:TROX opened at $5.75 on Friday. The firm has a market cap of $908.14 million, a PE ratio of -18.55 and a beta of 1.53. The company has a fifty day simple moving average of $6.31 and a 200 day simple moving average of $9.24. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. Tronox has a 12-month low of $4.35 and a 12-month high of $20.70.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.17). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. The company had revenue of $738.00 million during the quarter, compared to the consensus estimate of $745.96 million. During the same period in the previous year, the firm posted ($0.05) EPS. Tronox’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend was Monday, March 3rd. Tronox’s payout ratio is currently -161.29%.

Insider Transactions at Tronox

In related news, Director Stephen J. Jones purchased 30,000 shares of Tronox stock in a transaction dated Tuesday, March 18th. The stock was bought at an average cost of $7.17 per share, with a total value of $215,100.00. Following the purchase, the director now owns 30,000 shares in the company, valued at approximately $215,100. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Tronox

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Tronox by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company’s stock valued at $127,390,000 after purchasing an additional 193,895 shares during the period. Thrivent Financial for Lutherans grew its holdings in Tronox by 60.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company’s stock worth $69,869,000 after acquiring an additional 2,616,804 shares during the period. Capital International Investors raised its position in Tronox by 14.8% in the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company’s stock worth $61,034,000 after acquiring an additional 781,223 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in Tronox by 5.2% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,799,111 shares of the company’s stock valued at $28,187,000 after acquiring an additional 139,401 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Tronox by 26.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company’s stock valued at $26,486,000 after purchasing an additional 551,645 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.

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.