Tronox's (TROX) "Sell (D)" Rating Reiterated at Weiss Ratings

Key Points

• Tronox's stock has received a "Sell (D)" rating from Weiss Ratings, reiterating concerns about the company's performance.
• Recently, BMO Capital Markets downgraded Tronox from "market perform" to "underperform" with a new price target of $3.00, while Truist Financial raised their target to $6.00 with a "buy" rating.
• Tronox's latest earnings report showed a loss of $0.28 per share, significantly missing analyst expectations, and the company reported a 10.9% decline in revenue year-over-year.

Tronox (NYSE:TROX - Get Free Report)'s stock had its "sell (d)" rating reiterated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research firms have also commented on TROX. BMO Capital Markets lowered Tronox from a "market perform" rating to an "underperform" rating and reduced their price target for the stock from $7.00 to $3.00 in a research report on Monday, June 30th. Truist Financial boosted their price target on Tronox from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Morgan Stanley reduced their price target on Tronox from $8.00 to $4.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. UBS Group boosted their target price on Tronox from $3.60 to $3.90 and gave the stock a "neutral" rating in a research note on Monday. Finally, Alembic Global Advisors restated an "overweight" rating and set a $6.00 target price on shares of Tronox in a research note on Monday, September 15th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.10.

Tronox Trading Down 3.4%

Shares of TROX stock traded down $0.13 on Wednesday, reaching $3.68. 4,245,574 shares of the company's stock were exchanged, compared to its average volume of 3,145,204. Tronox has a 52 week low of $2.95 and a 52 week high of $14.93. The company has a current ratio of 2.10, a quick ratio of 0.52 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $583.35 million, a PE ratio of -2.33 and a beta of 1.28. The company's fifty day simple moving average is $4.12 and its 200 day simple moving average is $5.06.

Tronox (NYSE:TROX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.24). The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $802.03 million. Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The company's revenue for the quarter was down 10.9% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. Tronox has set its FY 2025 guidance at EPS. As a group, analysts forecast that Tronox will post 0.49 EPS for the current year.

Insider Buying and Selling

In other news, SVP Jeffrey A. Engle bought 12,600 shares of Tronox stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $3.07 per share, with a total value of $38,682.00. Following the completion of the acquisition, the senior vice president directly owned 146,926 shares of the company's stock, valued at $451,062.82. The trade was a 9.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John D. Romano purchased 100,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $3.09 per share, with a total value of $309,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,333,485 shares of the company's stock, valued at approximately $4,120,468.65. This represents a 8.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 184,750 shares of company stock worth $579,714 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in Tronox in the second quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its position in Tronox by 763.5% in the first 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 during the period. Public Employees Retirement System of Ohio grew its position in Tronox by 48.9% in the second quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company's stock worth $50,000 after acquiring an additional 3,231 shares during the period. CWM LLC boosted its position in shares of Tronox by 1,186.7% during the first quarter. CWM LLC now owns 10,731 shares of the company's stock worth $76,000 after buying an additional 9,897 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Tronox by 1,070.2% during the first quarter. GAMMA Investing LLC now owns 11,257 shares of the company's stock worth $79,000 after buying an additional 10,295 shares during the period. 73.36% of the stock is currently 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.

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