Tronox Holdings PLC (NYSE:TROX) Receives Average Rating of “Moderate Buy” from Brokerages

Tronox Holdings PLC (NYSE:TROXGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.06.

TROX has been the topic of several research analyst reports. Mizuho decreased their price target on shares of Tronox from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday. Truist Financial reduced their target price on shares of Tronox from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group reduced their target price on shares of Tronox from $11.50 to $7.50 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Wall Street Zen downgraded shares of Tronox from a “hold” rating to a “sell” rating in a report on Monday, May 5th. Finally, Barclays reduced their target price on shares of Tronox from $13.00 to $8.00 and set an “overweight” rating on the stock in a report on Wednesday, May 28th.

Check Out Our Latest Stock Analysis on Tronox

Tronox Stock Up 1.8%

Shares of TROX stock opened at $5.36 on Thursday. The stock has a market cap of $848.55 million, a P/E ratio of -5.64 and a beta of 1.37. Tronox has a 52 week low of $4.35 and a 52 week high of $17.45. The company has a quick ratio of 0.61, a current ratio of 2.28 and a debt-to-equity ratio of 1.61. The company’s fifty day simple moving average is $5.45 and its two-hundred day simple moving average is $6.91.

Tronox (NYSE:TROXGet Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.17). The company had revenue of $738.00 million during the quarter, compared to analysts’ expectations of $745.96 million. Tronox had a negative return on equity of 1.57% and a negative net margin of 4.94%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. Analysts predict that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, May 19th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.50 annualized dividend and a yield of 9.34%. Tronox’s payout ratio is -52.63%.

Insider Buying and Selling

In other news, SVP Jeffrey N. Neuman purchased 10,266 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $4.89 per share, for a total transaction of $50,200.74. Following the acquisition, the senior vice president owned 10,266 shares of the company’s stock, valued at approximately $50,200.74. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Tronox

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Tronox by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company’s stock worth $127,390,000 after acquiring an additional 193,895 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Tronox by 60.6% in the 4th 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 in the last quarter. Capital International Investors grew its stake in Tronox by 14.8% in the 4th 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. grew its stake in Tronox by 2.5% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,868,837 shares of the company’s stock worth $20,197,000 after acquiring an additional 69,726 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Tronox by 15.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company’s stock worth $19,941,000 after acquiring an additional 375,643 shares in the last quarter. 73.36% of the stock is currently owned by institutional investors.

About Tronox

(Get Free Report

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.

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Analyst Recommendations for Tronox (NYSE:TROX)

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