Tronox (NYSE:TROX) Price Target Raised to $9.00

Tronox (NYSE:TROX) had its price target upped by UBS Group from $7.50 to $9.00 in a research report report published on Thursday, MarketBeat.com reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently commented on TROX. Mizuho lifted their price target on shares of Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a research report on Monday, March 23rd. The Goldman Sachs Group lifted their price target on shares of Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Finally, Zacks Research upgraded shares of Tronox from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.65.

Tronox Stock Up 2.3%

Shares of NYSE TROX opened at $9.11 on Thursday. The firm’s 50-day simple moving average is $7.78 and its 200 day simple moving average is $5.50. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -3.07 and a beta of 0.93. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 2.16. Tronox has a 12-month low of $2.86 and a 12-month high of $9.94.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (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 analyst estimates of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.03 EPS. On average, research analysts expect that Tronox will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Monday, February 23rd were issued a $0.05 dividend. The ex-dividend date was Monday, February 23rd. This represents a $0.20 annualized dividend and a yield of 2.2%. Tronox’s dividend payout ratio (DPR) is -6.73%.

Insider Buying and Selling at Tronox

In other 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 owned 92,861 shares in the company, valued at $611,025.38. The trade was a 7.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John D. Romano sold 101,600 shares of Tronox stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.59, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 172,711 shares of company stock worth $1,145,137 over the last three months. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Tronox

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Shah Capital Management raised its position in Tronox by 650.0% during the fourth quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock worth $12,510,000 after acquiring an additional 2,600,000 shares in the last quarter. Citigroup Inc. lifted its position in shares of Tronox by 693.0% in the third quarter. Citigroup Inc. now owns 469,051 shares of the company’s stock valued at $1,886,000 after buying an additional 409,902 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its position in shares of Tronox by 887.3% in the third quarter. Counterpoint Mutual Funds LLC now owns 689,150 shares of the company’s stock valued at $2,770,000 after buying an additional 619,351 shares during the last quarter. Algert Global LLC lifted its position in shares of Tronox by 47.7% in the third quarter. Algert Global LLC now owns 1,712,187 shares of the company’s stock valued at $6,883,000 after buying an additional 552,845 shares during the last quarter. Finally, Inspire Advisors LLC boosted its holdings in shares of Tronox by 20.2% during the 3rd quarter. Inspire Advisors LLC now owns 552,791 shares of the company’s stock worth $2,222,000 after buying an additional 93,012 shares during the period. 73.36% of the stock is 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.