Tronox (NYSE:TROX) Earns “Hold” Rating from Truist Financial

Tronox (NYSE:TROX)‘s stock had its “hold” rating reiterated by stock analysts at Truist Financial in a research note issued on Thursday,Benzinga reports. They presently have a $9.00 price target on the stock, up from their prior price target of $8.00. Truist Financial’s price target points to a potential downside of 1.16% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Zacks Research raised Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Tronox in a research note on Tuesday, January 27th. UBS Group raised their price objective on Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Mizuho raised their price objective on Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a research note on Monday, March 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.50.

Tronox Stock Performance

Shares of TROX stock opened at $9.11 on Thursday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -3.07 and a beta of 0.93. The stock has a 50 day simple moving average of $7.67 and a 200-day simple moving average of $5.44. Tronox has a 12-month low of $2.86 and a 12-month high of $9.94. The company has a current ratio of 2.46, a quick ratio of 0.67 and a debt-to-equity ratio of 2.16.

Tronox (NYSE:TROX) last issued its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). The business had revenue of $730.00 million for the quarter, compared to analysts’ expectations of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.03 earnings per share. On average, equities analysts forecast that Tronox will post 0.49 EPS for the current year.

Insider Activity at Tronox

In other Tronox news, SVP Jeffrey N. Neuman sold 22,965 shares of the firm’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 $151,339.35. Following the completion of the transaction, the senior vice president owned 248,831 shares of the company’s stock, valued at approximately $1,639,796.29. This trade represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jean Francois Turgeon sold 18,563 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $6.60, for a total value of $122,515.80. Following the transaction, the director directly owned 754,009 shares of the company’s stock, valued at $4,976,459.40. The trade was a 2.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 172,711 shares of company stock valued at $1,145,137 in the last ninety days. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Tronox

Several hedge funds have recently made changes to their positions in TROX. Van ECK Associates Corp boosted its holdings in shares of Tronox by 203.0% during the third quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock worth $26,270,000 after purchasing an additional 4,378,023 shares during the last quarter. Shah Capital Management boosted its holdings in shares of Tronox by 650.0% during the fourth quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock worth $12,510,000 after purchasing an additional 2,600,000 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Tronox by 123.0% during the fourth 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 last quarter. CenterBook Partners LP acquired a new stake in shares of Tronox during the third quarter worth $6,552,000. Finally, Bank of America Corp DE boosted its holdings in shares of Tronox by 199.3% during the third quarter. Bank of America Corp DE now owns 2,059,052 shares of the company’s stock worth $8,277,000 after purchasing an additional 1,371,158 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

About Tronox

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.