Tronox (NYSE:TROX) Upgraded at Zacks Research

Zacks Research upgraded shares of Tronox (NYSE:TROX) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other research analysts also recently commented on TROX. UBS Group raised their price target on shares of Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. The Goldman Sachs Group lifted their price target on shares of Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $8.00 price objective on shares of Tronox in a research note on Tuesday, January 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.30.

Tronox Trading Up 5.7%

Shares of NYSE TROX opened at $7.35 on Monday. Tronox has a fifty-two week low of $2.86 and a fifty-two week high of $8.80. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -2.47 and a beta of 1.11. The business’s 50 day moving average price is $6.31 and its 200-day moving average price is $4.80.

Tronox (NYSE:TROX) last announced 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 net margin of 16.22% and a negative return on equity of 14.75%. The business had revenue of $730.00 million during the quarter, compared to the consensus estimate of $730.22 million. During the same period last year, the company earned $0.03 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts expect that Tronox will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, February 23rd. Tronox’s dividend payout ratio (DPR) is presently -6.73%.

Institutional Trading of Tronox

A number of institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in Tronox by 203.0% in the third quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock valued at $26,270,000 after purchasing an additional 4,378,023 shares during the period. Charles Schwab Investment Management Inc. increased its position in 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 period. Primecap Management Co. CA raised its stake in shares of Tronox by 16.5% during the 4th quarter. Primecap Management Co. CA now owns 5,478,402 shares of the company’s stock worth $22,845,000 after buying an additional 773,900 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Tronox by 123.0% in the 4th 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 buying an additional 2,398,038 shares during the period. Finally, Lightrock Netherlands B.V. lifted its holdings in shares of Tronox by 66.8% in the 4th quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock valued at $12,724,000 after buying an additional 1,222,115 shares during the period. 73.36% of the stock is owned by hedge funds and other institutional investors.

About Tronox

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.