Tronox (NYSE:TROX) Sets New 12-Month Low – Should You Sell?

Tronox Holdings plc (NYSE:TROX)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.03 and last traded at $11.05, with a volume of 211115 shares. The stock had previously closed at $11.51.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TROX. UBS Group raised Tronox from a “neutral” rating to a “buy” rating and increased their target price for the company from $17.00 to $19.00 in a research note on Thursday, October 10th. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. BMO Capital Markets lowered their price objective on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group dropped their target price on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, September 19th. Finally, Barclays reduced their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Tronox Stock Down 3.9 %

The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -23.98 and a beta of 1.66. The business’s 50 day moving average price is $13.11 and its 200 day moving average price is $15.54.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The firm had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) EPS. On average, equities analysts forecast that Tronox Holdings plc will post -0.04 EPS for the current year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.52%. The ex-dividend date is Friday, November 8th. Tronox’s dividend payout ratio (DPR) is presently -104.17%.

Institutional Trading of Tronox

Large investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Tronox during the second quarter worth about $76,000. Headlands Technologies LLC acquired a new position in shares of Tronox during the 2nd quarter valued at about $83,000. SG Americas Securities LLC acquired a new position in shares of Tronox in the 1st quarter valued at $124,000. nVerses Capital LLC acquired a new position in shares of Tronox in the 2nd quarter valued at about $121,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Tronox by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock valued at $178,000 after buying an additional 861 shares during the period. 73.36% of the stock is currently owned by institutional investors and hedge funds.

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.