Tronox (NYSE:TROX) Hits New 12-Month High – What’s Next?

Tronox Holdings PLC (NYSE:TROX)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $9.53 and last traded at $9.1890, with a volume of 3579704 shares trading hands. The stock had previously closed at $9.12.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TROX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. BMO Capital Markets restated a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Mizuho lifted their target price on Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a research note on Monday, March 23rd. UBS Group boosted their price target on Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $8.00 price target on shares of Tronox in a research note on Tuesday, January 27th. 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.40.

Tronox Stock Up 0.8%

The firm’s fifty day moving average price is $7.25 and its 200-day moving average price is $5.23. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67. The firm has a market capitalization of $1.46 billion, a P/E ratio of -3.09 and a beta of 1.11.

Tronox (NYSE:TROX) last announced 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 firm had revenue of $730.00 million for the quarter, compared to the consensus estimate of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.Tronox’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. As a group, equities research analysts forecast that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd will be given a dividend of $0.05 per share. The ex-dividend date is Monday, February 23rd. This represents a $0.20 annualized dividend and a dividend yield of 2.2%. Tronox’s dividend payout ratio (DPR) is -6.73%.

Insider Buying and Selling

In related news, insider Jonathan Flood sold 8,008 shares of Tronox stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.58, for a total transaction of $52,692.64. Following the transaction, the insider directly owned 92,861 shares of the company’s stock, valued at $611,025.38. The trade was a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John D. Romano sold 101,600 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.59, for a total transaction of $669,544.00. Following the completion of the sale, the chief executive officer owned 1,473,740 shares in the company, valued at approximately $9,711,946.60. This trade represents a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 172,711 shares of company stock worth $1,145,137. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tronox

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in shares of Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock worth $36,000 after purchasing an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Tronox during the third quarter valued at approximately $37,000. Headlands Technologies LLC bought a new stake in Tronox during the second quarter worth approximately $38,000. Westview Management dba Westview Investment Advisors bought a new stake in Tronox during the fourth quarter worth approximately $42,000. Finally, Aigen Investment Management LP acquired a new position in Tronox in the fourth quarter worth approximately $43,000. Institutional investors own 73.36% of the company’s stock.

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.