Analysts Set Tronox Holdings PLC (NYSE:TROX) Target Price at $6.60

Tronox Holdings PLC (NYSE:TROX) has received a consensus recommendation of “Reduce” from the twelve research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $6.60.

A number of equities analysts recently issued reports on the stock. Mizuho raised their price objective on shares of Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a report on Monday, March 23rd. UBS Group raised their price objective on shares of Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. BMO Capital Markets reissued a “market perform” rating on shares of Tronox in a report on Friday, February 20th. The Goldman Sachs Group downgraded shares of Tronox from a “buy” rating to a “sell” rating and set a $9.00 price objective on the stock. in a report on Tuesday, May 12th. Finally, Zacks Research raised shares of Tronox from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd.

Tronox Stock Up 0.2%

TROX opened at $8.00 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 2.42 and a debt-to-equity ratio of 2.36. The firm has a 50 day moving average price of $8.71 and a 200-day moving average price of $6.41. Tronox has a twelve month low of $2.86 and a twelve month high of $10.59. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -2.74 and a beta of 0.83.

Tronox (NYSE:TROX) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.07). Tronox had a negative net margin of 15.82% and a negative return on equity of 19.93%. The company had revenue of $760.00 million for the quarter, compared to analysts’ expectations of $751.38 million. During the same period in the previous year, the firm earned ($0.15) earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts forecast that Tronox will post -1.18 earnings per share for the current year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, May 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.5%. Tronox’s dividend payout ratio (DPR) is presently -6.85%.

Insider Buying and Selling

In related news, SVP Jeffrey N. Neuman sold 22,965 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.59, for a total value of $151,339.35. Following the transaction, the senior vice president owned 248,831 shares of the company’s stock, valued at approximately $1,639,796.29. This trade represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jean Francois Turgeon sold 18,563 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.60, for a total transaction of $122,515.80. Following the completion of the transaction, the director directly owned 754,009 shares in the company, valued at approximately $4,976,459.40. The trade was a 2.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 172,711 shares of company stock valued at $1,145,137 in the last 90 days. 2.00% of the stock is owned by insiders.

Institutional Trading of Tronox

Several institutional investors and hedge funds have recently modified their holdings of TROX. PNC Financial Services Group Inc. raised its position in shares of Tronox by 292.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after purchasing an additional 6,493 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Tronox during the 3rd quarter valued at $37,000. Headlands Technologies LLC bought a new stake in shares of Tronox during the 2nd quarter valued at $38,000. Westview Management dba Westview Investment Advisors bought a new stake in shares of Tronox during the 4th quarter valued at $42,000. Finally, Aigen Investment Management LP bought a new stake in shares of Tronox during the 4th quarter valued at $43,000. 73.36% of the stock is currently owned by institutional investors.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.