Tronox Holdings PLC (NYSE:TROX) Given Average Recommendation of “Hold” by Analysts

Tronox Holdings PLC (NYSE:TROX) has been given a consensus rating of “Hold” by the twelve analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $6.40.

A number of equities research analysts have issued reports on the company. Truist Financial increased their price target on Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Zacks Research raised Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. The Goldman Sachs Group increased their target price on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research report on Thursday, January 29th. 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $8.00 price target on shares of Tronox in a report on Tuesday, January 27th.

Tronox Stock Performance

TROX opened at $7.36 on Tuesday. The company has a 50 day simple moving average of $6.92 and a two-hundred day simple moving average of $5.08. 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 cap of $1.17 billion, a P/E ratio of -2.48 and a beta of 1.11. Tronox has a 1-year low of $2.86 and a 1-year high of $8.80.

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 firm had revenue of $730.00 million for the quarter, compared to the consensus estimate of $730.22 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts forecast that Tronox will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

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 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 2.7%. Tronox’s dividend payout ratio (DPR) is presently -6.73%.

Insider Transactions at Tronox

In related news, CEO John D. Romano sold 101,600 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 1,473,740 shares in the company, valued at approximately $9,711,946.60. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jean Francois Turgeon sold 18,563 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $6.60, for a total transaction of $122,515.80. Following the transaction, the director directly owned 754,009 shares of the company’s stock, valued at $4,976,459.40. The trade was a 2.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 172,711 shares of company stock valued at $1,145,137. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of Tronox by 292.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock worth $36,000 after buying an additional 6,493 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Tronox during the 3rd quarter valued at approximately $37,000. Headlands Technologies LLC purchased a new position in Tronox during the 2nd quarter valued at approximately $38,000. Westview Management dba Westview Investment Advisors bought a new stake in Tronox in the 4th quarter worth approximately $42,000. Finally, Aigen Investment Management LP bought a new stake in Tronox in the 4th quarter worth approximately $43,000. Hedge funds and other 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.