Tronox (NYSE:TROX) Reaches New 1-Year Low – Time to Sell?

Tronox Holdings plc (NYSE:TROX)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $6.59 and last traded at $6.71, with a volume of 248232 shares traded. The stock had previously closed at $7.04.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TROX. UBS Group decreased their target price on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group cut their price objective on Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Morgan Stanley dropped their price target on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Truist Financial reduced their price objective on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Mizuho decreased their price target on shares of Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Tronox currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Tronox Trading Down 3.6 %

The company’s 50 day simple moving average is $8.38 and its 200-day simple moving average is $10.65. The firm has a market cap of $1.07 billion, a P/E ratio of -21.89 and a beta of 1.64. 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 (NYSE:TROX) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. As a group, research analysts predict that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend is Monday, March 3rd. Tronox’s dividend payout ratio (DPR) is -161.29%.

Insider Activity

In related news, Director Stephen J. Jones purchased 30,000 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were acquired at an average cost of $7.17 per share, for a total transaction of $215,100.00. Following the acquisition, the director now owns 30,000 shares of the company’s stock, valued at $215,100. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Tronox

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Tronox by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock worth $39,708,000 after purchasing an additional 22,165 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Tronox by 26.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company’s stock valued at $26,486,000 after acquiring an additional 551,645 shares in the last quarter. Atom Investors LP raised its position in shares of Tronox by 72.9% in the 3rd quarter. Atom Investors LP now owns 125,790 shares of the company’s stock valued at $1,840,000 after purchasing an additional 53,034 shares during the last quarter. Bank of Montreal Can grew its position in Tronox by 140.1% during the 3rd quarter. Bank of Montreal Can now owns 160,929 shares of the company’s stock worth $2,333,000 after purchasing an additional 93,893 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in Tronox during the 4th quarter valued at approximately $403,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

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.