Tronox Holdings PLC (NYSE:TROX) Receives Average Recommendation of “Hold” from Analysts

Tronox Holdings PLC (NYSE:TROX) has been assigned an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $6.30.

Several brokerages recently commented on TROX. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Mizuho set a $4.00 price target on Tronox in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $8.00 price objective on shares of Tronox in a report on Tuesday, January 27th. Finally, The Goldman Sachs Group upped their price objective on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research report on Thursday, January 29th.

Tronox Stock Performance

NYSE TROX opened at $7.16 on Friday. The business’s 50 day moving average price is $6.07 and its 200-day moving average price is $4.69. Tronox has a fifty-two week low of $2.86 and a fifty-two week high of $8.80. The company has a market cap of $1.14 billion, a P/E ratio of -2.41 and a beta of 1.18. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.73 and a current ratio of 2.46.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.17). Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The firm had revenue of $730.00 million for the quarter, compared to analysts’ expectations of $730.22 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts predict that Tronox will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s dividend payout ratio (DPR) is currently -6.73%.

Institutional Investors Weigh In On Tronox

Several large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its position in Tronox by 203.0% during the 3rd quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock valued at $26,270,000 after acquiring an additional 4,378,023 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Tronox by 27.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,637,371 shares of the company’s stock worth $23,508,000 after purchasing an additional 1,205,249 shares during the last quarter. Primecap Management Co. CA boosted its position in Tronox by 16.5% during the fourth quarter. Primecap Management Co. CA now owns 5,478,402 shares of the company’s stock valued at $22,845,000 after purchasing an additional 773,900 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in Tronox by 123.0% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock valued at $18,128,000 after purchasing an additional 2,398,038 shares during the last quarter. Finally, Lightrock Netherlands B.V. grew its stake in Tronox by 66.8% in the fourth quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock valued at $12,724,000 after purchasing an additional 1,222,115 shares during the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.