Brokerages Set Tronox Holdings plc (NYSE:TROX) PT at $13.50

Shares of Tronox Holdings plc (NYSE:TROX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $13.50.

Several equities research analysts have recently weighed in on TROX shares. Truist Financial decreased their target price on Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. UBS Group reduced their target price on shares of Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Morgan Stanley lowered their price target on shares of Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. The Goldman Sachs Group cut their price objective on shares of Tronox from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, Mizuho cut their price target on Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday.

Tronox Trading Up 3.3 %

NYSE:TROX traded up $0.24 on Friday, reaching $7.32. The stock had a trading volume of 2,978,243 shares, compared to its average volume of 1,180,208. Tronox has a 12-month low of $6.64 and a 12-month high of $20.70. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -23.60 and a beta of 1.64. The firm's fifty day moving average is $8.88 and its two-hundred day moving average is $11.07. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90.

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Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. Equities analysts expect that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be issued a $0.125 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.84%. Tronox's dividend payout ratio (DPR) is -161.29%.

Institutional Investors Weigh In On Tronox

Institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its stake in Tronox by 832.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock valued at $38,000 after buying an additional 3,397 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Tronox in the 3rd quarter valued at about $66,000. KBC Group NV boosted its stake in Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after purchasing an additional 2,590 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in Tronox by 34.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company's stock worth $96,000 after purchasing an additional 1,683 shares during the last quarter. Finally, Mariner LLC bought a new stake in shares of Tronox during the fourth quarter valued at approximately $105,000. Institutional investors own 73.36% of the company's stock.

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.