Tronox (NYSE:TROX) Stock Price Target Lowered at UBS Group

Tronox (NYSE:TROX) had its target price reduced by UBS Group from $4.50 to $2.75 in a research report sent to investors on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research analysts have also commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tronox in a research report on Wednesday, November 4th. Mizuho lowered their price target on Tronox from $5.50 to $4.50 and set an “underperform” rating on the stock in a research note on Wednesday, September 30th. Truist Financial reduced their target price on Tronox from $7.00 to $4.00 and set a “hold” rating for the company in a research report on Tuesday, October 20th. JPMorgan Chase & Co. upgraded shares of Tronox from an “underweight” rating to a “neutral” rating in a research note on Monday. Finally, Zacks Research lowered shares of Tronox from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Tronox currently has a consensus rating of “Reduce” and a consensus target price of $5.04.

Tronox Stock Down 1.6%

Tronox stock opened at $2.81 on Wednesday. The firm has a market cap of $447.96 million, a price-to-earnings ratio of -0.88 and a beta of 0.98. The firm has a fifty day moving average price of $3.81 and a two-hundred day moving average price of $6.49. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.52 and a quick ratio of 0.81. Tronox has a fifty-two week low of $2.41 and a fifty-two week high of $10.59.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.13). Tronox had a negative return on equity of 25.02% and a negative net margin of 15.86%. The business had revenue of $827.00 million during the quarter, compared to the consensus estimate of $854.43 million. During the same period in the prior year, the firm earned ($0.46) earnings per share. The business’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, analysts forecast that Tronox will post -1.68 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, November 16th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Monday, November 16th. Tronox’s dividend payout ratio is -6.31%.

Insider Activity

In related news, Director Peter Johnston acquired 20,000 shares of the business’s stock in a transaction on Monday, November 9th. The stock was bought at an average cost of $2.63 per share, with a total value of $52,600.00. Following the completion of the acquisition, the director owned 224,461 shares in the company, valued at $590,332.43. The trade was a 9.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Tronox

Large investors have recently made changes to their positions in the company. Ieq Capital LLC bought a new position in Tronox during the 3rd quarter valued at about $52,000. Russell Investments Group Ltd. boosted its position in Tronox by 19.6% in the third quarter. Russell Investments Group Ltd. now owns 157,808 shares of the company’s stock valued at $623,000 after buying an additional 25,884 shares in the last quarter. Inscription Capital LLC boosted its position in Tronox by 98.8% in the third quarter. Inscription Capital LLC now owns 20,317 shares of the company’s stock valued at $80,000 after buying an additional 10,098 shares in the last quarter. Vise Technologies Inc. grew its stake in Tronox by 33.0% during the third quarter. Vise Technologies Inc. now owns 19,981 shares of the company’s stock worth $79,000 after buying an additional 4,958 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Tronox during the third quarter worth about $116,000. Institutional investors own 73.36% of the company’s stock.

About Tronox

Tronox Holdings plc is a vertically integrated producer of titanium dioxide (TiO₂) pigment and mineral-sands products. Its operations span the value chain from mining titanium-bearing mineral sands to processing them into feedstocks and finished products. The company’s products include TiO₂ pigment, used to add whiteness, brightness and opacity to paints, coatings, plastics and other materials. Tronox also produces titanium feedstocks such as chloride-grade slag and synthetic rutile, as well as zircon, which is used in ceramics and other applications.