Tronox Holdings PLC (NYSE:TROX) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Tronox Holdings PLC (NYSE:TROX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.06.

A number of brokerages have recently commented on TROX. BMO Capital Markets cut shares of Tronox from a "market perform" rating to an "underperform" rating and reduced their target price for the company from $7.00 to $3.00 in a report on Monday, June 30th. The Goldman Sachs Group reduced their target price 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. Barclays reduced their target price on shares of Tronox from $13.00 to $8.00 and set an "overweight" rating for the company in a report on Wednesday, May 28th. Truist Financial reduced their target price on shares of Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. raised shares of Tronox from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $5.00 to $7.00 in a report on Friday, May 30th.

Insider Buying and Selling at Tronox

In related news, SVP Jeffrey N. Neuman bought 10,266 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $4.89 per share, with a total value of $50,200.74. Following the transaction, the senior vice president owned 10,266 shares of the company's stock, valued at approximately $50,200.74. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TROX. Charles Schwab Investment Management Inc. lifted its stake in shares of Tronox by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,456,867 shares of the company's stock worth $24,741,000 after acquiring an additional 244,646 shares during the period. Atria Investments Inc acquired a new stake in shares of Tronox in the 4th quarter worth approximately $112,000. Raymond James Financial Inc. bought a new stake in shares of Tronox in the 4th quarter worth approximately $701,000. Royce & Associates LP raised its holdings in shares of Tronox by 16.2% in the 4th quarter. Royce & Associates LP now owns 573,603 shares of the company's stock worth $5,776,000 after purchasing an additional 80,060 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of Tronox in the 4th quarter worth approximately $112,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Stock Down 0.9%

TROX stock traded down $0.05 during midday trading on Thursday, hitting $5.51. The company's stock had a trading volume of 1,499,589 shares, compared to its average volume of 2,525,637. The company has a quick ratio of 0.61, a current ratio of 2.28 and a debt-to-equity ratio of 1.61. Tronox has a 52-week low of $4.35 and a 52-week high of $16.57. The firm has a market capitalization of $873.11 million, a P/E ratio of -5.80 and a beta of 1.37. The firm has a 50-day simple moving average of $5.46 and a 200-day simple moving average of $6.88.

Tronox (NYSE:TROX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates 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 in the previous year, the firm posted ($0.05) EPS. The business's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts forecast that Tronox will post 0.49 EPS for the current year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, May 19th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 9.07%. The ex-dividend date of this dividend was Monday, May 19th. Tronox's dividend payout ratio (DPR) is -52.63%.

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.