Tronox Holdings PLC (NYSE:TROX) Receives Consensus Rating of “Reduce” from Analysts

Shares of Tronox Holdings PLC (NYSE:TROX) have earned an average rating of “Reduce” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $6.6250.

TROX has been the topic of a number of analyst reports. Mizuho increased their price objective on shares of Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a research note on Monday, March 23rd. Wall Street Zen downgraded shares of Tronox from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. UBS Group increased their price objective on shares of Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on shares of Tronox in a research note on Wednesday, May 20th. Finally, Truist Financial raised shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 target price for the company in a report on Thursday.

Tronox Trading Up 3.8%

Shares of Tronox stock opened at $8.04 on Friday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -2.75 and a beta of 0.76. The company has a quick ratio of 0.66, a current ratio of 2.42 and a debt-to-equity ratio of 2.36. Tronox has a 12-month low of $2.86 and a 12-month high of $10.59. The firm’s 50-day moving average price is $8.70 and its two-hundred day moving average price is $7.01.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). The firm had revenue of $760.00 million for the quarter, compared to analyst estimates of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.15) earnings per share. On average, analysts forecast that Tronox will post -1.17 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders 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 is -6.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in shares of Tronox by 203.0% in the third quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock worth $26,270,000 after acquiring an additional 4,378,023 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tronox by 27.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,637,371 shares of the company’s stock worth $23,508,000 after acquiring an additional 1,205,249 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of Tronox by 16.5% in the fourth quarter. Primecap Management Co. CA now owns 5,478,402 shares of the company’s stock worth $22,845,000 after acquiring an additional 773,900 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its holdings in Tronox by 123.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock valued at $18,128,000 after buying an additional 2,398,038 shares during the last quarter. Finally, Lightrock Netherlands B.V. raised its holdings in Tronox by 66.8% in the 4th quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock valued at $12,724,000 after buying an additional 1,222,115 shares during the last quarter. Institutional investors own 73.36% of the company’s stock.

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.