Tronox Holdings plc (NYSE:TROX - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $13.50.
Several equities analysts recently commented on TROX shares. Truist Financial decreased their price target on shares of Tronox from $17.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. The Goldman Sachs Group lowered their target price 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. Morgan Stanley dropped their price target on shares of Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. UBS Group reduced their price target on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Mizuho lowered their price objective on Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th.
Read Our Latest Report on TROX
Insider Buying and Selling at Tronox
In other Tronox news, Director Stephen J. Jones acquired 30,000 shares of Tronox stock in a transaction that occurred on Tuesday, March 18th. The shares were acquired at an average cost of $7.17 per share, with a total value of $215,100.00. Following the completion of the purchase, the director now directly owns 30,000 shares of the company's stock, valued at $215,100. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its stake in shares of Tronox by 60.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock valued at $69,869,000 after acquiring an additional 2,616,804 shares during the last quarter. Lightrock Netherlands B.V. acquired a new position in Tronox in the 4th quarter worth about $9,183,000. Capital International Investors raised its position in Tronox by 14.8% in the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company's stock valued at $61,034,000 after purchasing an additional 781,223 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Tronox by 26.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock valued at $26,486,000 after purchasing an additional 551,645 shares in the last quarter. Finally, Aristotle Capital Boston LLC grew its holdings in shares of Tronox by 121.8% during the fourth quarter. Aristotle Capital Boston LLC now owns 951,277 shares of the company's stock worth $9,579,000 after purchasing an additional 522,412 shares during the last quarter. Institutional investors own 73.36% of the company's stock.
Tronox Stock Performance
Shares of NYSE:TROX traded up $0.21 during trading on Tuesday, reaching $5.24. 2,489,733 shares of the stock were exchanged, compared to its average volume of 1,343,314. The firm has a market cap of $826.81 million, a PE ratio of -16.89 and a beta of 1.53. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. Tronox has a 12 month low of $4.35 and a 12 month high of $20.70. The stock has a 50-day moving average price of $7.32 and a 200-day moving average price of $10.12.
Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (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%. Research analysts expect that Tronox will post 0.49 EPS for the current fiscal year.
Tronox Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 3rd were paid a $0.125 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 9.55%. Tronox's dividend payout ratio (DPR) is -161.29%.
Tronox Company Profile
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Get Free ReportTronox 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.
Further Reading
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