Tronox (NYSE:TROX) Stock Price Up 10.1% Following Analyst Upgrade

Shares of Tronox Holdings PLC (NYSE:TROX) traded up 10.1% on Tuesday after Mizuho raised their price target on the stock from $4.50 to $5.00. Mizuho currently has an underperform rating on the stock. Tronox traded as high as $8.23 and last traded at $8.0920. 1,296,795 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 4,014,884 shares. The stock had previously closed at $7.35.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. BMO Capital Markets restated a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. Zacks Research raised Tronox from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Finally, UBS Group raised their target price on Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.40.

Insider Activity

In other news, SVP Jeffrey A. Engle sold 14,575 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.60, for a total value of $96,195.00. Following the completion of the sale, the senior vice president directly owned 175,251 shares of the company’s stock, valued at approximately $1,156,656.60. This represents a 7.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeffrey N. Neuman sold 22,965 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.59, for a total transaction of $151,339.35. Following the completion of the transaction, the senior vice president owned 248,831 shares of the company’s stock, valued at $1,639,796.29. This trade represents a 8.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 172,711 shares of company stock worth $1,145,137 in the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tronox

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased 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 acquired a new stake in shares of Tronox in the third quarter valued at $37,000. Headlands Technologies LLC bought a new position in Tronox during the second quarter valued at about $38,000. Westview Management dba Westview Investment Advisors bought a new position in Tronox during the fourth quarter valued at about $42,000. Finally, Aigen Investment Management LP acquired a new position in Tronox during the fourth quarter worth about $43,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Tronox Trading Up 5.7%

The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67. The business has a fifty day moving average of $7.05 and a 200-day moving average of $5.13. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -3.01 and a beta of 1.11.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). The business had revenue of $730.00 million during the quarter, compared to analyst estimates of $730.22 million. Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. Tronox’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 earnings per share. On average, equities analysts anticipate that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, February 23rd. Tronox’s dividend payout ratio (DPR) is presently -6.73%.

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.