Tronox Holdings PLC (NYSE:TROX) Receives $8.13 Consensus PT from Analysts

Tronox Holdings PLC (NYSE:TROX - Get Free Report) has received an average rating of "Moderate Buy" from the eight analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $8.13.

Several research analysts have weighed in on TROX shares. Barclays decreased their price target on shares of Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 28th. Wall Street Zen cut Tronox from a "hold" rating to a "sell" rating in a report on Monday, May 5th. JPMorgan Chase & Co. raised Tronox from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $5.00 to $7.00 in a report on Friday, May 30th. UBS Group decreased their price objective on Tronox from $10.00 to $8.50 and set a "buy" rating on the stock in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group cut their price objective on Tronox from $11.50 to $7.50 and set a "buy" rating for the company in a research note on Tuesday, May 6th.

Tronox Stock Performance

Tronox stock traded down $0.03 during mid-day trading on Friday, reaching $5.44. 2,006,811 shares of the stock traded hands, compared to its average volume of 1,752,346. Tronox has a 12-month low of $4.35 and a 12-month high of $17.45. The business's 50-day moving average is $5.42 and its 200-day moving average is $7.46. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.28 and a quick ratio of 0.61. The stock has a market capitalization of $862.02 million, a PE ratio of -5.73 and a beta of 1.42.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.17). The business had revenue of $738.00 million for the quarter, compared to analysts' expectations of $745.96 million. Tronox had a negative net margin of 4.94% and a negative return on equity of 1.57%. Tronox's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) EPS. As a group, sell-side analysts predict that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, May 19th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.19%. The ex-dividend date is Monday, May 19th. Tronox's dividend payout ratio (DPR) is -52.63%.

Insider Buying and Selling

In related news, SVP Jeffrey N. Neuman bought 10,266 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average cost of $4.89 per share, with a total value of $50,200.74. Following the completion of the purchase, the senior vice president now owns 10,266 shares of the company's stock, valued at approximately $50,200.74. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its position in shares of Tronox by 832.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock worth $38,000 after buying an additional 3,397 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Tronox by 763.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock worth $65,000 after acquiring an additional 8,070 shares in the last quarter. Mariner LLC bought a new position in shares of Tronox during the 4th quarter valued at approximately $105,000. CWM LLC grew its holdings in shares of Tronox by 1,186.7% in the first quarter. CWM LLC now owns 10,731 shares of the company's stock valued at $76,000 after purchasing an additional 9,897 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in Tronox in the fourth quarter worth $112,000. Institutional investors own 73.36% of the company's stock.

About Tronox

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.