Tronox (NYSE:TROX) Hits New 52-Week Low - Here's Why

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

Analyst Ratings Changes

TROX has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price target on Tronox from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, February 26th. UBS Group lowered their target price on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Truist Financial cut their price target on Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley dropped their price objective on Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, Mizuho reduced their target price on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.50.

Tronox Price Performance

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 stock's 50-day moving average price is $8.06 and its 200 day moving average price is $10.51. The firm has a market cap of $833.12 million, a price-to-earnings ratio of -17.02 and a beta of 1.53.

Tronox (NYSE:TROX - Get Free Report) last posted 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 return on equity of 0.63% and a negative net margin of 1.56%. Equities research analysts predict that Tronox Holdings plc will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 3rd were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 9.48%. The ex-dividend date was Monday, March 3rd. Tronox's dividend payout ratio is -161.29%.

Insider Buying and Selling at Tronox

In related news, Director Stephen J. Jones bought 30,000 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were purchased at an average price of $7.17 per share, with a total value of $215,100.00. Following the completion of the purchase, the director now 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised its holdings in Tronox by 34.6% in the third 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 period. Stifel Financial Corp increased its position in shares of Tronox by 1.9% in the 4th quarter. Stifel Financial Corp now owns 101,264 shares of the company's stock valued at $1,020,000 after buying an additional 1,891 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Tronox by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,532 shares of the company's stock worth $680,000 after buying an additional 2,201 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tronox by 9.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company's stock worth $399,000 after acquiring an additional 2,488 shares in the last quarter. Finally, KBC Group NV grew its stake in Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after acquiring an additional 2,590 shares during the period. 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.