Tronox (NYSE:TROX) Reaches New 12-Month High at $19.39

Shares of Tronox Holdings plc (NYSE:TROX) hit a new 52-week high during trading on Thursday . The stock traded as high as $19.39 and last traded at $18.84, with a volume of 278975 shares trading hands. The stock had previously closed at $17.09.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TROX shares. UBS Group lifted their target price on shares of Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. StockNews.com lowered shares of Tronox from a “hold” rating to a “sell” rating in a report on Saturday. Finally, BMO Capital Markets increased their target price on Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.33.

Tronox Stock Down 1.8 %

The business’s 50-day simple moving average is $16.59 and its 200 day simple moving average is $14.18. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.84 and a quick ratio of 0.95.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $753.98 million. Tronox had a negative net margin of 11.93% and a negative return on equity of 2.70%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. On average, sell-side analysts forecast that Tronox Holdings plc will post 0.6 earnings per share for the current year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 4th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.50 annualized dividend and a yield of 2.65%. Tronox’s dividend payout ratio (DPR) is -22.42%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TROX. Millburn Ridgefield Corp purchased a new stake in shares of Tronox in the 3rd quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new stake in Tronox in the third quarter worth about $25,000. GAMMA Investing LLC bought a new position in shares of Tronox in the fourth quarter worth about $27,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Tronox during the 3rd quarter valued at about $50,000. Finally, TFO Wealth Partners LLC lifted its position in shares of Tronox by 260,833.3% during the 4th quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock valued at $111,000 after buying an additional 7,825 shares in the last quarter. 73.36% of the stock is currently owned by institutional investors.

Tronox Company Profile

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.