Tronox Holdings plc (NYSE:TROX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Tronox Holdings plc (NYSE:TROX) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $13.50.

TROX has been the subject of several research reports. Mizuho lowered their target price on Tronox from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Truist Financial lowered their target price on Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. UBS Group lowered their target price on Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Morgan Stanley lowered their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group lowered their target price on Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 26th.

Tronox Price Performance

TROX opened at $7.26 on Friday. The business has a fifty day moving average of $8.80 and a 200 day moving average of $10.98. Tronox has a 52-week low of $6.64 and a 52-week high of $20.70. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. The stock has a market cap of $1.15 billion, a P/E ratio of -23.42 and a beta of 1.64.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. As a group, sell-side analysts anticipate that Tronox will post 0.49 EPS for the current year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend is Monday, March 3rd. Tronox’s dividend payout ratio (DPR) is currently -161.29%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its position in Tronox by 832.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock valued at $38,000 after buying an additional 3,397 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Tronox in the third quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Tronox by 34.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock valued at $96,000 after purchasing an additional 1,683 shares during the period. KBC Group NV increased its holdings in shares of Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after purchasing an additional 2,590 shares during the period. Finally, Mariner LLC acquired a new position in shares of Tronox in the fourth quarter valued at about $105,000. 73.36% of the stock is owned by institutional investors and hedge funds.

About Tronox

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.