Tronox (NYSE:TROX) Now Covered by Analysts at Truist Financial

Truist Financial started coverage on shares of Tronox (NYSE:TROX - Free Report) in a report issued on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a $17.00 price objective on the stock.

TROX has been the subject of several other research reports. BMO Capital Markets decreased their price objective on Tronox from $21.00 to $17.00 and set an "outperform" rating for the company in a report on Tuesday, October 29th. Barclays decreased their price objective on Tronox from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, October 28th. UBS Group raised Tronox from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $17.00 to $19.00 in a report on Thursday, October 10th. Morgan Stanley decreased 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. Finally, The Goldman Sachs Group reduced their target price on Tronox from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Tronox currently has an average rating of "Moderate Buy" and an average target price of $16.57.

Tronox Stock Up 0.2 %

NYSE:TROX traded up $0.02 during trading hours on Tuesday, hitting $10.15. 407,417 shares of the company traded hands, compared to its average volume of 1,152,449. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The firm's 50-day simple moving average is $10.64 and its 200-day simple moving average is $12.56. Tronox has a one year low of $8.73 and a one year high of $20.70. The company has a market cap of $1.60 billion, a PE ratio of -21.09 and a beta of 1.62.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date was Friday, November 8th. Tronox's dividend payout ratio is -104.16%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP grew its holdings in Tronox by 98.6% during the 3rd quarter. Quantbot Technologies LP now owns 174,922 shares of the company's stock valued at $2,559,000 after buying an additional 86,852 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Tronox by 20.8% during the 3rd quarter. Royce & Associates LP now owns 493,543 shares of the company's stock worth $7,221,000 after acquiring an additional 84,830 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Tronox by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company's stock worth $39,708,000 after acquiring an additional 22,165 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Tronox by 54.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company's stock worth $22,497,000 after acquiring an additional 543,091 shares during the last quarter. Finally, Atom Investors LP lifted its stake in shares of Tronox by 72.9% during the 3rd quarter. Atom Investors LP now owns 125,790 shares of the company's stock worth $1,840,000 after acquiring an additional 53,034 shares during the last quarter. Institutional investors own 73.36% of the company's stock.

Tronox Company Profile

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.