Tronox Holdings PLC (NYSE:TROX) Receives Average Recommendation of “Reduce” from Brokerages

Tronox Holdings PLC (NYSE:TROX) has been assigned an average recommendation of “Reduce” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $7.1429.

Several analysts recently issued reports on TROX shares. Weiss Ratings lowered shares of Tronox from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Truist Financial upgraded shares of 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. The Goldman Sachs Group cut Tronox from a “buy” rating to a “sell” rating and set a $9.00 target price for the company. in a research note on Tuesday, May 12th. UBS Group raised 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, Mizuho lifted their price target on Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a research note on Monday, March 23rd.

Tronox Price Performance

TROX traded down $0.11 on Thursday, hitting $5.92. 275,705 shares of the stock were exchanged, compared to its average volume of 3,473,677. Tronox has a 12 month low of $2.86 and a 12 month high of $10.59. The business has a 50-day moving average of $7.92 and a two-hundred day moving average of $7.34. 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 $945.00 million, a price-to-earnings ratio of -2.03 and a beta of 0.80.

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

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, May 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.20 annualized dividend and a yield of 3.4%. Tronox’s dividend payout ratio (DPR) is -6.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings in Tronox by 292.2% in the fourth 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 position in Tronox during the 3rd quarter worth about $37,000. Headlands Technologies LLC acquired a new position in Tronox during the 2nd quarter worth about $38,000. Westview Management dba Westview Investment Advisors acquired a new position in Tronox during the 4th quarter worth about $42,000. Finally, Aigen Investment Management LP bought a new stake in shares of Tronox in the 4th quarter valued at about $43,000. Institutional investors own 73.36% of the company’s stock.

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.