Tronox (NYSE:TROX) Given New $5.00 Price Target at Mizuho

Tronox (NYSE:TROX) had its price objective lifted by Mizuho from $4.50 to $5.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an underperform rating on the stock.

A number of other research firms have also issued reports on TROX. UBS Group boosted their price objective on Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Truist Financial raised their target price on Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. BMO Capital Markets reissued a “market perform” rating on shares of Tronox in a report on Friday, February 20th. Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a report on Thursday, January 29th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.40.

Tronox Stock Performance

Shares of NYSE TROX opened at $7.36 on Monday. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 2.16. The firm’s 50-day moving average price is $6.92 and its two-hundred day moving average price is $5.08. Tronox has a 52-week low of $2.86 and a 52-week high of $8.80. The stock has a market capitalization of $1.17 billion, a P/E ratio of -2.48 and a beta of 1.11.

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

Tronox Dividend Announcement

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

Insider Activity at Tronox

In related news, CEO John D. Romano sold 101,600 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.59, for a total transaction of $669,544.00. Following the transaction, the chief executive officer owned 1,473,740 shares in the company, valued at $9,711,946.60. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Flood sold 8,008 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.58, for a total value of $52,692.64. Following the sale, the insider directly owned 92,861 shares in the company, valued at approximately $611,025.38. The trade was a 7.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 172,711 shares of company stock worth $1,145,137 in the last three months. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Tronox

Several hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its stake in shares of Tronox by 2.5% in the 4th quarter. Osaic Holdings Inc. now owns 60,004 shares of the company’s stock worth $250,000 after buying an additional 1,480 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Tronox by 27.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 11,576 shares of the company’s stock valued at $48,000 after buying an additional 2,496 shares during the period. Pilgrim Partners Asia Pte Ltd boosted its stake in Tronox by 18.1% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 19,600 shares of the company’s stock valued at $82,000 after buying an additional 3,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Tronox by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after buying an additional 3,042 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Tronox by 38.3% during the third quarter. Public Employees Retirement System of Ohio now owns 13,619 shares of the company’s stock worth $55,000 after acquiring an additional 3,775 shares during the period. 73.36% of the stock is currently owned by institutional investors and hedge funds.

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.