Tronox Holdings PLC (NYSE:TROX) Receives Average Rating of “Hold” from Analysts

Shares of Tronox Holdings PLC (NYSE:TROX) have been given an average rating of “Hold” by the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $6.30.

TROX has been the topic of several research analyst reports. BMO Capital Markets restated a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. The Goldman Sachs Group boosted their price target on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, January 29th. UBS Group increased their price objective on shares of Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial lifted their target price on shares of Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Mizuho set a $4.00 price target on shares of Tronox in a research note on Thursday, February 19th.

Institutional Trading of Tronox

Several large investors have recently added to or reduced their stakes in TROX. Headlands Technologies LLC acquired a new position in shares of Tronox in the 2nd quarter valued at $38,000. PNC Financial Services Group Inc. grew its position in Tronox by 292.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after buying an additional 6,493 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Tronox in the third quarter valued at $37,000. Westview Management dba Westview Investment Advisors acquired a new position in shares of Tronox in the fourth quarter worth about $42,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Tronox during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Trading Down 0.6%

NYSE TROX opened at $7.16 on Friday. Tronox has a 52 week low of $2.86 and a 52 week high of $8.80. The company has a 50 day moving average price of $6.07 and a 200 day moving average price of $4.69. The company has a quick ratio of 0.73, a current ratio of 2.46 and a debt-to-equity ratio of 2.16. The firm has a market cap of $1.14 billion, a PE ratio of -2.41 and a beta of 1.18.

Tronox (NYSE:TROX) last released its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The firm had revenue of $730.00 million during the quarter, compared to analysts’ expectations of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.Tronox’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 earnings per share. As a group, sell-side analysts forecast that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be paid a $0.05 dividend. The ex-dividend date is Monday, February 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 2.8%. Tronox’s dividend payout ratio (DPR) is -6.73%.

Tronox Company Profile

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.