Tronox Holdings plc (NYSE:TROX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Tronox Holdings plc (NYSE:TROX) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $13.50.

A number of research analysts recently commented on the company. The Goldman Sachs Group cut their target price on Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Mizuho reduced their price objective on shares of Tronox from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. UBS Group decreased their target price on shares of Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Truist Financial dropped their price target on shares of Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley decreased their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th.

Insider Transactions at Tronox

In related news, Director Stephen J. Jones acquired 30,000 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were purchased at an average price of $7.17 per share, with a total value of $215,100.00. Following the acquisition, the director now directly owns 30,000 shares in the company, valued at $215,100. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tronox

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Tronox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company’s stock worth $127,390,000 after acquiring an additional 193,895 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Tronox by 60.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company’s stock worth $69,869,000 after purchasing an additional 2,616,804 shares during the period. Capital International Investors raised its holdings in Tronox by 14.8% during the 4th quarter. Capital International Investors now owns 6,060,943 shares of the company’s stock worth $61,034,000 after purchasing an additional 781,223 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its position in Tronox by 5.2% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,799,111 shares of the company’s stock valued at $28,187,000 after purchasing an additional 139,401 shares during the period. Finally, Geode Capital Management LLC boosted its stake 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 valued at $39,708,000 after purchasing an additional 22,165 shares during the last quarter. 73.36% of the stock is owned by institutional investors.

Tronox Stock Performance

NYSE TROX opened at $5.24 on Tuesday. The company’s fifty day moving average is $7.32 and its two-hundred day moving average is $10.12. Tronox has a 52-week low of $4.35 and a 52-week high of $20.70. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The firm has a market capitalization of $826.81 million, a price-to-earnings ratio of -16.89 and a beta of 1.53.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. Equities research analysts forecast that Tronox will post 0.49 EPS for the current year.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 3rd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date of this dividend was Monday, March 3rd. Tronox’s dividend payout ratio (DPR) is currently -161.29%.

About Tronox

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.