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

Tronox Holdings PLC (NYSE:TROX) has been assigned an average recommendation of “Reduce” from the eleven brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $7.1429.

A number of analysts have recently issued reports on TROX shares. Mizuho increased their target price on Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a report on Monday, March 23rd. The Goldman Sachs Group downgraded Tronox from a “buy” rating to a “sell” rating and set a $9.00 price target on the stock. in a report on Tuesday, May 12th. Weiss Ratings lowered Tronox from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Tronox from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, Truist Financial upgraded Tronox from a “sell” rating to a “hold” rating and set a $7.00 price objective for the company in a research report on Thursday, June 11th.

Tronox Stock Up 2.3%

TROX stock opened at $6.45 on Thursday. Tronox has a 52-week low of $2.86 and a 52-week high of $10.59. The company’s 50 day simple moving average is $8.13 and its 200-day simple moving average is $7.30. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.42 and a quick ratio of 0.66. The firm has a market capitalization of $1.03 billion, a P/E ratio of -2.21 and a beta of 0.80.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The firm had revenue of $760.00 million during the quarter, compared to analyst estimates of $751.38 million. During the same period in the prior year, the business posted ($0.15) EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities research analysts anticipate that Tronox will post -1.17 EPS for the current year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, May 11th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, May 11th. Tronox’s dividend payout ratio is -6.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Converium Capital Inc. raised its position in Tronox by 33.3% during the first quarter. Converium Capital Inc. now owns 200,000 shares of the company’s stock valued at $1,954,000 after acquiring an additional 50,000 shares in the last quarter. Royal Bank of Canada lifted its stake in Tronox by 21,419.9% in the first quarter. Royal Bank of Canada now owns 1,065,665 shares of the company’s stock valued at $10,412,000 after acquiring an additional 1,060,713 shares during the last quarter. Quantinno Capital Management LP grew its position in Tronox by 6.7% in the first quarter. Quantinno Capital Management LP now owns 167,851 shares of the company’s stock worth $1,640,000 after acquiring an additional 10,595 shares in the last quarter. Lazard Asset Management LLC grew its position in Tronox by 6.3% in the first quarter. Lazard Asset Management LLC now owns 64,985 shares of the company’s stock worth $635,000 after acquiring an additional 3,861 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Tronox during the 1st quarter worth $2,102,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

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.