Tronox Holdings plc (NYSE:TROX - Get Free Report) was up 5.6% during trading on Monday . The stock traded as high as $17.28 and last traded at $17.10. Approximately 577,899 shares changed hands during trading, a decline of 50% from the average daily volume of 1,150,351 shares. The stock had previously closed at $16.19.
Analysts Set New Price Targets
Several research analysts have commented on TROX shares. UBS Group lifted their price objective on shares of Tronox from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, January 11th. BMO Capital Markets lifted their price objective on shares of Tronox from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Finally, StockNews.com raised shares of Tronox to a "sell" rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $14.86.
Check Out Our Latest Analysis on Tronox
Tronox Price Performance
The firm has a market capitalization of $2.69 billion, a P/E ratio of -8.49, a P/E/G ratio of 22.15 and a beta of 1.93. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.84 and a quick ratio of 0.95. The stock's fifty day simple moving average is $15.94 and its 200 day simple moving average is $13.83.
Tronox (NYSE:TROX - Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.33). Tronox had a negative return on equity of 1.13% and a negative net margin of 11.09%. The firm had revenue of $686.00 million during the quarter, compared to the consensus estimate of $668.95 million. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts predict that Tronox Holdings plc will post 0.59 EPS for the current 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 issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.92%. Tronox's dividend payout ratio (DPR) is currently -24.75%.
Institutional Investors Weigh In On Tronox
Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Tronox by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company's stock worth $178,000 after purchasing an additional 861 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Tronox in the 4th quarter worth approximately $338,000. Quadrature Capital Ltd purchased a new stake in Tronox in the 4th quarter worth approximately $353,000. Bridgeway Capital Management LLC boosted its position in Tronox by 29.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,234,263 shares of the company's stock worth $17,477,000 after purchasing an additional 281,110 shares in the last quarter. Finally, CoreCommodity Management LLC boosted its position in Tronox by 32.3% in the 4th quarter. CoreCommodity Management LLC now owns 39,489 shares of the company's stock worth $559,000 after purchasing an additional 9,635 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company's stock.
About Tronox
(
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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.
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