Tronox Holdings plc (NYSE:TROX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Tronox Holdings plc (NYSE:TROX) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $15.57.

A number of equities analysts recently commented on TROX shares. BMO Capital Markets reduced their price objective on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Barclays decreased their price target on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Morgan Stanley reduced their price objective on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Truist Financial lowered their target price on shares of Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group reduced their price target on shares of Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th.

Tronox Price Performance

NYSE TROX opened at $7.86 on Monday. The stock’s fifty day moving average price is $9.72 and its 200 day moving average price is $11.74. Tronox has a 1 year low of $7.72 and a 1 year high of $20.70. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -25.34 and a beta of 1.60.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. As a group, equities research 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. Investors of record on Monday, March 3rd will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.37%. Tronox’s payout ratio is currently -161.29%.

Institutional Trading of Tronox

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its holdings in shares of Tronox by 832.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock valued at $38,000 after buying an additional 3,397 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Tronox in the 3rd quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Tronox by 34.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock worth $96,000 after buying an additional 1,683 shares during the last quarter. KBC Group NV grew its stake in Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after buying an additional 2,590 shares during the last quarter. Finally, Mariner LLC purchased a new stake in Tronox in the fourth quarter valued at approximately $105,000. 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.