Tronox Holdings plc (NYSE:TROX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Tronox Holdings plc (NYSE:TROX) have received a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $13.50.

Several brokerages have weighed in on TROX. Morgan Stanley dropped their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group cut their price objective on shares of Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Truist Financial decreased their target price on shares of Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. UBS Group cut their price target on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Mizuho decreased their price objective on Tronox from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 13th.

Insider Buying and Selling at Tronox

In other Tronox news, Director Stephen J. Jones purchased 30,000 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was bought at an average cost of $7.17 per share, with a total value of $215,100.00. Following the acquisition, the director now owns 30,000 shares of the company’s stock, valued at $215,100. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Tronox

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC grew its position in 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 during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Tronox during the 3rd quarter worth $66,000. KBC Group NV grew its holdings in shares of Tronox by 59.4% in the 4th quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after acquiring an additional 2,590 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Tronox by 34.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock worth $96,000 after purchasing an additional 1,683 shares during the period. Finally, Mariner LLC purchased a new stake in shares of Tronox during the fourth quarter valued at $105,000. 73.36% of the stock is currently owned by institutional investors.

Tronox Trading Up 0.1 %

NYSE TROX opened at $7.43 on Friday. The firm has a market capitalization of $1.17 billion, a PE ratio of -23.95 and a beta of 1.64. Tronox has a one year low of $6.64 and a one year high of $20.70. The company has a 50-day simple moving average of $8.73 and a 200-day simple moving average of $10.93. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. On average, equities analysts forecast that Tronox will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be given a $0.125 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 6.73%. Tronox’s dividend payout ratio (DPR) is -161.29%.

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.