Tronox (NYSE:TROX) Hits New 1-Year High at $19.39

Tronox Holdings plc (NYSE:TROX - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $19.39 and last traded at $18.84, with a volume of 278975 shares. The stock had previously closed at $17.09.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Tronox from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday, January 11th. BMO Capital Markets boosted their price target on shares of Tronox from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Tuesday, February 20th. Finally, StockNews.com raised shares of Tronox from a "sell" rating to a "hold" rating in a research report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $14.86.

Tronox Stock Up 12.2 %

The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84. The firm has a market cap of $3.01 billion, a PE ratio of -9.18, a PEG ratio of 22.87 and a beta of 1.91. The company's 50-day simple moving average is $16.43 and its two-hundred day simple moving average is $14.10.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). The firm had revenue of $774.00 million for the quarter, compared to the consensus estimate of $753.98 million. Tronox had a negative net margin of 11.09% and a negative return on equity of 1.13%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, analysts predict that Tronox Holdings plc will post 0.6 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 4th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Friday, March 1st. Tronox's payout ratio is currently -24.75%.

Institutional Investors Weigh In On Tronox

Several large investors have recently bought and sold shares of the business. Millburn Ridgefield Corp purchased a new position in Tronox during the third quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new position in Tronox during the 3rd quarter worth approximately $25,000. GAMMA Investing LLC purchased a new position in Tronox during the 4th quarter worth approximately $27,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Tronox during the 3rd quarter worth approximately $50,000. Finally, TFO Wealth Partners LLC grew its stake in shares of Tronox by 260,833.3% during the 4th quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company's stock worth $111,000 after purchasing an additional 7,825 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.