Tronox (NYSE:TROX) Reaches New 1-Year Low - What's Next?

Tronox Holdings plc (NYSE:TROX - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $4.67 and last traded at $5.12, with a volume of 1445 shares trading hands. The stock had previously closed at $5.26.

Analysts Set New Price Targets

Several research firms recently commented on TROX. Morgan Stanley lowered their target price on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. UBS Group cut their target price on shares of Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group reduced 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. Truist Financial lowered their price target on shares of Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, Mizuho reduced their price objective on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

Tronox Trading Up 4.1 %

The business's fifty day simple moving average is $7.32 and its two-hundred day simple moving average is $10.12. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. The company has a market cap of $826.81 million, a price-to-earnings ratio of -16.89 and a beta of 1.53.

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Tronox (NYSE:TROX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. On average, equities analysts predict that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 9.55%. The ex-dividend date was Monday, March 3rd. Tronox's dividend payout ratio (DPR) is -161.29%.

Insider Buying and Selling at Tronox

In other Tronox news, Director Stephen J. Jones acquired 30,000 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were bought at an average cost of $7.17 per share, for a total transaction of $215,100.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at $215,100. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tronox

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp lifted its position in Tronox by 41.2% during the 3rd quarter. Stifel Financial Corp now owns 99,373 shares of the company's stock worth $1,454,000 after acquiring an additional 29,011 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Tronox during the third quarter worth approximately $66,000. Barclays PLC lifted its holdings in shares of Tronox by 320.1% during the third quarter. Barclays PLC now owns 182,629 shares of the company's stock worth $2,672,000 after purchasing an additional 139,161 shares during the period. Geode Capital Management LLC grew its position in Tronox by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company's stock valued at $39,708,000 after buying an additional 22,165 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Tronox by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 841,230 shares of the company's stock valued at $12,307,000 after buying an additional 46,721 shares during the period. Hedge funds and other 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.