Tronox (NYSE:TROX) PT Raised to $22.00 at Barclays

Tronox (NYSE:TROX - Free Report) had its target price upped by Barclays from $17.00 to $22.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on the stock. StockNews.com raised shares of Tronox from a sell rating to a hold rating in a report on Monday. BMO Capital Markets increased their price target on shares of Tronox from $19.00 to $24.00 and gave the stock an outperform rating in a report on Friday, May 3rd. Finally, The Goldman Sachs Group increased their price target on shares of Tronox from $17.00 to $22.00 and gave the stock a buy rating in a report on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Tronox currently has a consensus rating of Hold and a consensus target price of $17.43.

Tronox Stock Performance

Shares of NYSE:TROX traded up $0.26 during midday trading on Wednesday, reaching $19.50. The company had a trading volume of 686,054 shares, compared to its average volume of 1,155,863. The company's 50 day moving average price is $17.27 and its 200 day moving average price is $14.67. The company has a current ratio of 3.12, a quick ratio of 1.09 and a debt-to-equity ratio of 1.44. The stock has a market cap of $3.08 billion, a P/E ratio of -8.74, a P/E/G ratio of 21.91 and a beta of 1.91. Tronox has a 52-week low of $10.08 and a 52-week high of $19.75.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $774.00 million for the quarter, compared to analysts' expectations of $753.98 million. Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. Tronox's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share. As a group, sell-side analysts anticipate that Tronox will post 0.71 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Friday, May 17th. Tronox's dividend payout ratio (DPR) is -22.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TROX. Primecap Management Co. CA bought a new position in Tronox during the third quarter valued at approximately $15,378,000. Capital World Investors bought a new position in Tronox during the first quarter valued at approximately $19,152,000. Franklin Resources Inc. grew its position in Tronox by 16.5% during the fourth quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company's stock valued at $87,583,000 after acquiring an additional 876,192 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Tronox by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,248,364 shares of the company's stock worth $130,960,000 after purchasing an additional 597,663 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Tronox in the fourth quarter worth approximately $7,760,000. 73.36% of the stock is currently owned by institutional investors.

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.