Tronox Holdings plc (NYSE:TROX - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $7.72 and last traded at $7.77, with a volume of 135507 shares. The stock had previously closed at $7.74.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on TROX shares. Morgan Stanley cut 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. The Goldman Sachs Group reduced their price target on shares of Tronox from $13.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Truist Financial dropped their price objective 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, UBS Group reduced their target price on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.36.
Check Out Our Latest Analysis on TROX
Tronox Price Performance
The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The firm has a market capitalization of $1.11 billion, a P/E ratio of -22.68 and a beta of 1.60. The company's 50 day moving average price is $9.48 and its 200 day moving average price is $11.55.
Tronox (NYSE:TROX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 EPS 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%. As a group, sell-side analysts anticipate that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.
Tronox Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 7.11%. Tronox's payout ratio is presently -161.29%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its holdings in Tronox by 60.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock valued at $69,869,000 after buying an additional 2,616,804 shares during the period. FMR LLC lifted its stake in shares of Tronox by 4.7% in the 3rd quarter. FMR LLC now owns 23,805,227 shares of the company's stock valued at $348,270,000 after purchasing an additional 1,073,674 shares during the period. Lightrock Netherlands B.V. bought a new position in shares of Tronox in the 4th quarter worth $9,183,000. Capital International Investors grew its stake in shares of Tronox by 14.8% during the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company's stock worth $61,034,000 after purchasing an additional 781,223 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in 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 valued at $26,486,000 after purchasing an additional 551,645 shares during the last quarter. Institutional investors own 73.36% of the company's stock.
Tronox Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Tronox, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tronox wasn't on the list.
While Tronox currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
