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

Tronox Holdings PLC (NYSE:TROX) has been assigned a consensus recommendation of “Reduce” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $6.6250.

TROX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $10.00 price target on Tronox in a research note on Wednesday, May 20th. Mizuho upped their price target on Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a research report on Monday, March 23rd. Zacks Research raised Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. UBS Group upped their target price on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Truist Financial dropped their target price on Tronox from $8.00 to $7.00 and set a “sell” rating for the company in a report on Friday, May 8th.

Tronox Stock Performance

Shares of NYSE:TROX opened at $7.31 on Friday. 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 business’s 50 day moving average price is $8.88 and its 200-day moving average price is $6.85. The firm has a market capitalization of $1.17 billion, a PE ratio of -2.50 and a beta of 0.76. Tronox has a 1 year low of $2.86 and a 1 year high of $10.59.

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

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, May 11th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, May 11th. Tronox’s dividend payout ratio is presently -6.85%.

Institutional Trading of Tronox

Large investors have recently added to or reduced their stakes in the stock. Shah Capital Management grew its holdings in Tronox by 650.0% in the 4th quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock valued at $12,510,000 after buying an additional 2,600,000 shares in the last quarter. Citigroup Inc. grew its holdings in Tronox by 693.0% in the 3rd quarter. Citigroup Inc. now owns 469,051 shares of the company’s stock valued at $1,886,000 after buying an additional 409,902 shares in the last quarter. Counterpoint Mutual Funds LLC grew its holdings in Tronox by 887.3% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 689,150 shares of the company’s stock valued at $2,770,000 after buying an additional 619,351 shares in the last quarter. Algert Global LLC grew its holdings in Tronox by 47.7% in the 3rd quarter. Algert Global LLC now owns 1,712,187 shares of the company’s stock valued at $6,883,000 after buying an additional 552,845 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Tronox by 203.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock valued at $26,270,000 after buying an additional 4,378,023 shares in the last quarter. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

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.