Tronox Holdings plc (NYSE:TROX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

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

Insider Activity

In other Tronox news, Director Stephen J. Jones bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average price of $7.17 per share, with a total value of $215,100.00. Following the completion of the transaction, the director now owns 30,000 shares in the company, valued at approximately $215,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Tronox

Several institutional investors and hedge funds have recently added to or reduced their stakes in TROX. Sterling Capital Management LLC raised its stake in shares of Tronox by 832.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock worth $38,000 after purchasing an additional 3,397 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Tronox during the third quarter worth $66,000. KBC Group NV raised its position in Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after acquiring an additional 2,590 shares in the last quarter. Mariner LLC bought a new stake in Tronox during the fourth quarter worth $105,000. Finally, Cibc World Markets Corp acquired a new stake in Tronox in the fourth quarter valued at $112,000. 73.36% of the stock is owned by institutional investors.

Tronox Stock Up 4.1 %

NYSE:TROX opened at $5.24 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. Tronox has a 12-month low of $4.35 and a 12-month high of $20.70. The stock’s fifty day simple moving average is $7.32 and its 200-day simple moving average is $10.12. The firm has a market capitalization of $826.81 million, a P/E ratio of -16.89 and a beta of 1.53.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. Equities research analysts expect that Tronox will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 9.55%. The ex-dividend date of this dividend was Monday, March 3rd. Tronox’s dividend payout ratio is -161.29%.

Tronox Company Profile

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.