Tronox Holdings PLC (NYSE:TROX) Receives $5.12 Consensus Target Price from Analysts

Tronox Holdings PLC (NYSE:TROX) has been given a consensus rating of “Hold” by the ten research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $5.0667.

A number of equities analysts have commented on TROX shares. Mizuho set a $3.50 price objective on shares of Tronox in a research report on Friday. Alembic Global Advisors restated an “overweight” rating and set a $6.00 price objective on shares of Tronox in a research report on Monday, September 15th. Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a research report on Saturday, September 27th. Truist Financial upped their price objective on shares of Tronox from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Finally, BMO Capital Markets downgraded shares of Tronox from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $7.00 to $3.00 in a research report on Monday, June 30th.

Insider Activity at Tronox

In related news, Director Stephen J. Jones bought 8,000 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of $3.19 per share, for a total transaction of $25,520.00. Following the transaction, the director owned 51,000 shares of the company’s stock, valued at approximately $162,690. This trade represents a 18.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter Johnston bought 20,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were bought at an average price of $3.21 per share, for a total transaction of $64,200.00. Following the completion of the transaction, the director directly owned 191,513 shares in the company, valued at approximately $614,756.73. This represents a 11.66% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 184,750 shares of company stock worth $579,714. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tronox

Institutional investors have recently made changes to their positions in the stock. Primecap Management Co. CA increased its position in shares of Tronox by 192.2% in the second quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock valued at $21,560,000 after buying an additional 2,797,002 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Tronox by 2.5% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,868,837 shares of the company’s stock valued at $20,197,000 after buying an additional 69,726 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Tronox by 15.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company’s stock valued at $19,941,000 after buying an additional 375,643 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Tronox by 1.1% in the second quarter. Geode Capital Management LLC now owns 2,826,014 shares of the company’s stock valued at $14,329,000 after buying an additional 31,538 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Tronox by 97.4% in the second quarter. Marshall Wace LLP now owns 2,587,831 shares of the company’s stock valued at $13,120,000 after buying an additional 1,277,175 shares in the last quarter. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Tronox Trading Up 0.4%

Shares of Tronox stock opened at $4.08 on Tuesday. Tronox has a 1 year low of $2.95 and a 1 year high of $14.93. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10. The company has a market capitalization of $645.97 million, a P/E ratio of -2.58 and a beta of 1.28. The company’s fifty day moving average is $4.19 and its two-hundred day moving average is $5.11.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.24). Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.The business had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $802.03 million. During the same period in the previous year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. Tronox has set its FY 2025 guidance at EPS. Analysts forecast that Tronox will post 0.49 earnings per share for the current year.

Tronox Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Monday, August 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, August 11th. Tronox’s payout ratio is presently -12.66%.

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.