Tronox Holdings PLC (NYSE:TROX) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Tronox Holdings PLC (NYSE:TROX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $8.13.

TROX has been the subject of several analyst reports. The Goldman Sachs Group lowered their price target on shares of Tronox from $11.50 to $7.50 and set a "buy" rating for the company in a report on Tuesday, May 6th. Truist Financial lowered their price objective on shares of Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Morgan Stanley lowered their price objective on shares of Tronox from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. upgraded shares of Tronox from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $5.00 to $7.00 in a research note on Friday, May 30th. Finally, Wall Street Zen cut shares of Tronox from a "hold" rating to a "sell" rating in a research note on Monday, May 5th.

Tronox Trading Down 4.1%

Shares of TROX stock opened at $5.28 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.61 and a current ratio of 2.28. The stock has a market capitalization of $836.03 million, a P/E ratio of -5.55 and a beta of 1.42. The company has a 50 day moving average price of $5.42 and a 200 day moving average price of $7.54. Tronox has a fifty-two week low of $4.35 and a fifty-two week high of $18.74.

Tronox (NYSE:TROX - Get Free Report) last posted 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). Tronox had a negative return on equity of 1.57% and a negative net margin of 4.94%. The firm had revenue of $738.00 million for the quarter, compared to analyst estimates of $745.96 million. During the same quarter last year, the firm earned ($0.05) EPS. The company's revenue was down 4.7% on a year-over-year basis. Equities research analysts predict that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, May 19th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, May 19th. This represents a $0.50 annualized dividend and a dividend yield of 9.48%. Tronox's dividend payout ratio is currently -52.63%.

Insider Buying and Selling at Tronox

In other Tronox news, SVP Jeffrey N. Neuman purchased 10,266 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of $4.89 per share, for a total transaction of $50,200.74. Following the acquisition, 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 legal filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Tronox

Several institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp grew its stake in shares of Tronox by 1.9% during the 4th quarter. Stifel Financial Corp now owns 101,264 shares of the company's stock valued at $1,020,000 after buying an additional 1,891 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Tronox by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,532 shares of the company's stock worth $680,000 after purchasing an additional 2,201 shares during the period. Investors Research Corp boosted its position in Tronox by 16.4% in the 1st quarter. Investors Research Corp now owns 16,300 shares of the company's stock valued at $115,000 after buying an additional 2,300 shares during the last quarter. SG Americas Securities LLC boosted its position in Tronox by 6.2% in the 1st quarter. SG Americas Securities LLC now owns 42,677 shares of the company's stock valued at $300,000 after buying an additional 2,482 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in Tronox by 832.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock valued at $38,000 after buying an additional 3,397 shares during the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.