Tronox Holdings plc (NYSE:TROX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Tronox Holdings plc (NYSE:TROX - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.57.

TROX has been the topic of a number of recent analyst reports. UBS Group reduced their price objective on Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. BMO Capital Markets reduced their price objective on shares of Tronox from $21.00 to $17.00 and set an "outperform" rating for the company in a report on Tuesday, October 29th. Barclays dropped their price target on shares of Tronox from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. Truist Financial dropped their target price on Tronox from $17.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Morgan Stanley cut their price objective on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, January 13th.

Tronox Stock Up 0.4 %

Shares of NYSE TROX traded up $0.04 on Monday, hitting $8.10. The company had a trading volume of 3,071,694 shares, compared to its average volume of 1,554,554. The firm has a market capitalization of $1.28 billion, a P/E ratio of -26.12 and a beta of 1.60. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. Tronox has a 12-month low of $7.72 and a 12-month high of $20.70. The business has a 50 day moving average of $9.83 and a two-hundred day moving average of $11.82.

Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Tronox had a negative return on equity of 0.62% and a negative net margin of 1.56%. As a group, equities research analysts forecast that Tronox will post 0.76 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be paid a $0.125 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.50 annualized dividend and a dividend yield of 6.18%. Tronox's payout ratio is -161.29%.

Institutional Investors Weigh In On Tronox

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Tronox by 4.7% in the 3rd quarter. FMR LLC now owns 23,805,227 shares of the company's stock worth $348,270,000 after acquiring an additional 1,073,674 shares during the period. Vanguard Group Inc. boosted its stake in Tronox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company's stock worth $127,390,000 after buying an additional 193,895 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Tronox by 60.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock worth $69,869,000 after buying an additional 2,616,804 shares in the last quarter. Capital International Investors increased its holdings in Tronox by 14.8% in the 4th quarter. Capital International Investors now owns 6,060,943 shares of the company's stock valued at $61,034,000 after buying an additional 781,223 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Tronox by 5.2% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,799,111 shares of the company's stock valued at $28,187,000 after buying an additional 139,401 shares in the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

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.