Tronox Holdings plc (NYSE:TROX) Given Consensus Rating of “Hold” by Brokerages

Tronox Holdings plc (NYSE:TROX) has received an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $14.86.

A number of research firms have issued reports on TROX. BMO Capital Markets raised their target price on Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. StockNews.com raised Tronox to a “sell” rating in a report on Wednesday, February 14th. Finally, UBS Group raised their target price on Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 11th.

Hedge Funds Weigh In On Tronox

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Tronox by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock worth $178,000 after buying an additional 861 shares during the period. Nomura Holdings Inc. bought a new position in shares of Tronox during the 4th quarter worth approximately $338,000. Quadrature Capital Ltd bought a new position in shares of Tronox during the 4th quarter worth approximately $353,000. Bridgeway Capital Management LLC raised its position in Tronox by 29.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,234,263 shares of the company’s stock valued at $17,477,000 after purchasing an additional 281,110 shares during the last quarter. Finally, CoreCommodity Management LLC raised its position in Tronox by 32.3% in the 4th quarter. CoreCommodity Management LLC now owns 39,489 shares of the company’s stock valued at $559,000 after purchasing an additional 9,635 shares during the last quarter. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Performance

Shares of NYSE TROX opened at $17.14 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -8.49, a P/E/G ratio of 22.15 and a beta of 1.93. The business’s 50-day simple moving average is $15.94 and its 200-day simple moving average is $13.83. Tronox has a 52 week low of $10.08 and a 52 week high of $17.89.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.33). The company had revenue of $686.00 million for the quarter, compared to analyst estimates of $668.95 million. Tronox had a negative net margin of 11.09% and a negative return on equity of 1.13%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.17) EPS. As a group, equities research analysts expect that Tronox will post 0.59 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 4th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Friday, March 1st. Tronox’s payout ratio is presently -24.75%.

About Tronox

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.