Tronox (NYSE:TROX) Sets New 12-Month Low - Should You Sell?

Shares of Tronox Holdings plc (NYSE:TROX - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $6.59 and last traded at $6.71, with a volume of 248232 shares trading hands. The stock had previously closed at $7.04.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group dropped their price objective 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. Mizuho dropped their price target on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. The Goldman Sachs Group cut their price target on Tronox from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Truist Financial lowered their price objective on Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Morgan Stanley cut their target price on Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $13.50.

Tronox Trading Down 8.7 %

The firm's 50-day simple moving average is $8.16 and its 200 day simple moving average is $10.55. The firm has a market cap of $833.12 million, a P/E ratio of -17.02 and a beta of 1.53. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54.

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Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings data 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%. As a group, analysts expect that Tronox Holdings plc will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 9.48%. The ex-dividend date is Monday, March 3rd. Tronox's dividend payout ratio is currently -161.29%.

Insiders Place Their Bets

In related news, Director Stephen J. Jones purchased 30,000 shares of Tronox stock in a transaction dated Tuesday, March 18th. The stock was bought at an average cost of $7.17 per share, for a total transaction of $215,100.00. Following the completion of the transaction, the director now owns 30,000 shares in the company, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TROX. Thrivent Financial for Lutherans lifted its holdings in shares of Tronox by 60.6% in 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. Lightrock Netherlands B.V. bought a new position in Tronox in the 4th quarter valued at $9,183,000. Capital International Investors grew its position in shares of Tronox by 14.8% during the 4th 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Tronox by 26.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock worth $26,486,000 after purchasing an additional 551,645 shares during the period. Finally, Aristotle Capital Boston LLC raised its position in shares of Tronox by 121.8% in the fourth quarter. Aristotle Capital Boston LLC now owns 951,277 shares of the company's stock worth $9,579,000 after buying an additional 522,412 shares in 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.