Truist Financial Has Lowered Expectations for Tronox (NYSE:TROX) Stock Price

Tronox (NYSE:TROX) had its price target dropped by investment analysts at Truist Financial from $8.00 to $7.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “sell” rating on the stock. Truist Financial’s price objective would indicate a potential downside of 22.09% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. UBS Group upped their price objective on shares of Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $8.00 price target on shares of Tronox in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research note on Monday, April 20th. BMO Capital Markets restated a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Finally, The Goldman Sachs Group lifted their price target on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.45.

Tronox Price Performance

TROX stock traded up $0.57 during mid-day trading on Friday, reaching $8.99. 1,899,436 shares of the company’s stock were exchanged, compared to its average volume of 3,711,887. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67. Tronox has a 12-month low of $2.86 and a 12-month high of $10.59. The stock’s 50 day moving average is $8.54 and its 200 day moving average is $6.20. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -3.08 and a beta of 0.83.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). Tronox had a negative net margin of 15.82% and a negative return on equity of 19.13%. The business had revenue of $760.00 million during the quarter, compared to analysts’ expectations of $751.38 million. During the same quarter last year, the firm earned ($0.15) earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts expect that Tronox will post -1.11 EPS for the current year.

Insider Activity

In other Tronox news, CEO John D. Romano sold 101,600 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $6.59, for a total transaction of $669,544.00. Following the transaction, the chief executive officer owned 1,473,740 shares of the company’s stock, valued at approximately $9,711,946.60. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan Flood sold 8,008 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $6.58, for a total value of $52,692.64. Following the completion of the sale, the insider directly owned 92,861 shares of the company’s stock, valued at $611,025.38. This trade represents a 7.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 172,711 shares of company stock valued at $1,145,137 in the last 90 days. 2.00% of the stock is owned by insiders.

Institutional Trading of Tronox

Several hedge funds have recently made changes to their positions in TROX. Van ECK Associates Corp raised its position in shares of Tronox by 203.0% during 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 during the period. Shah Capital Management lifted its stake in shares of 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 purchasing an additional 2,600,000 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Tronox by 123.0% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock worth $18,128,000 after purchasing an additional 2,398,038 shares during the period. CenterBook Partners LP acquired a new stake in shares of Tronox during the 3rd quarter worth about $6,552,000. Finally, Bank of America Corp DE raised its holdings in Tronox by 199.3% in the 3rd quarter. Bank of America Corp DE now owns 2,059,052 shares of the company’s stock valued at $8,277,000 after buying an additional 1,371,158 shares during the period. Hedge funds and other 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.