Tronox (NYSE:TROX) Trading Up 16% – Here’s Why

Tronox Holdings PLC (NYSE:TROX) was up 16% during mid-day trading on Tuesday . The stock traded as high as $7.75 and last traded at $7.7480. Approximately 1,136,472 shares traded hands during trading, a decline of 72% from the average daily volume of 4,020,848 shares. The stock had previously closed at $6.68.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TROX shares. UBS Group lifted their target price on Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. The Goldman Sachs Group upped their price target on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research report on Thursday, January 29th. BMO Capital Markets restated a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Tronox in a report on Tuesday, January 27th. Finally, Truist Financial increased their target price on shares of Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.35.

Tronox Price Performance

The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67. The company has a fifty day moving average price of $6.72 and a 200 day moving average price of $4.97. The company has a market capitalization of $1.21 billion, a P/E ratio of -2.57 and a beta of 1.11.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The company had revenue of $730.00 million during the quarter, compared to the consensus estimate of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. On average, sell-side analysts forecast that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $0.20 annualized dividend and a dividend yield of 2.6%. Tronox’s payout ratio is -6.73%.

Insider Buying and Selling at Tronox

In related news, Director Jean Francois Turgeon sold 18,563 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.60, for a total value of $122,515.80. Following the sale, the director owned 754,009 shares of the company’s stock, valued at $4,976,459.40. This trade represents a 2.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey N. Neuman sold 22,965 shares of Tronox stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.59, for a total transaction of $151,339.35. Following the completion of the sale, the senior vice president owned 248,831 shares in the company, valued at approximately $1,639,796.29. This represents a 8.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 172,711 shares of company stock valued at $1,145,137. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Tronox

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock worth $36,000 after buying an additional 6,493 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Tronox during the 3rd quarter worth $37,000. Headlands Technologies LLC bought a new position in shares of Tronox in the second quarter worth $38,000. Westview Management dba Westview Investment Advisors bought a new position in shares of Tronox in the fourth quarter worth $42,000. Finally, Aigen Investment Management LP acquired a new position in shares of Tronox during the fourth quarter valued at $43,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

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.