Tronox’s (TROX) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d) rating on shares of Tronox (NYSE:TROX) in a report published on Friday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on the stock. Alembic Global Advisors reiterated an “overweight” rating and issued a $6.00 target price on shares of Tronox in a research report on Monday, September 15th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tronox in a research report on Friday, October 3rd. UBS Group boosted their price target on shares of Tronox from $3.60 to $3.90 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Morgan Stanley decreased their price target on shares of Tronox from $8.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Finally, BMO Capital Markets cut shares of Tronox from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $7.00 to $3.00 in a research note on Monday, June 30th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.99.

Tronox Price Performance

Shares of Tronox stock opened at $3.86 on Friday. The company has a market capitalization of $611.09 million, a price-to-earnings ratio of -2.44 and a beta of 1.28. The company has a quick ratio of 0.52, a current ratio of 2.10 and a debt-to-equity ratio of 1.64. The stock’s 50-day simple moving average is $4.17 and its 200-day simple moving average is $4.82. Tronox has a 52 week low of $2.95 and a 52 week high of $13.14.

Tronox (NYSE:TROX) last released its earnings results 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 quarter in the prior year, the business posted $0.07 EPS. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. Tronox has set its FY 2025 guidance at EPS. As a group, analysts expect that Tronox will post 0.49 earnings per share for the current fiscal year.

Tronox Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Monday, August 11th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.20 annualized dividend and a yield of 5.2%. Tronox’s dividend payout ratio is -12.66%.

Insider Buying and Selling at Tronox

In other Tronox news, Director Stephen J. Jones acquired 8,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $3.19 per share, with a total value of $25,520.00. Following the completion of the purchase, the director directly owned 51,000 shares in the company, valued at $162,690. The trade was a 18.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jean Francois Turgeon bought 31,150 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were acquired at an average price of $3.21 per share, for a total transaction of $99,991.50. Following the completion of the acquisition, the director owned 772,572 shares in the company, valued at $2,479,956.12. This represents a 4.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 184,750 shares of company stock worth $579,714 over the last quarter. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Tronox

Several hedge funds have recently modified their holdings of TROX. Allspring Global Investments Holdings LLC purchased a new position in shares of Tronox in the 1st quarter valued at $102,000. Wealth Enhancement Advisory Services LLC grew its stake in Tronox by 36.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,936 shares of the company’s stock valued at $232,000 after purchasing an additional 8,777 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Tronox by 15.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company’s stock worth $19,941,000 after purchasing an additional 375,643 shares in the last quarter. XTX Topco Ltd bought a new position in Tronox in the first quarter worth about $211,000. Finally, Voya Investment Management LLC boosted its holdings in shares of Tronox by 46.9% in the 1st quarter. Voya Investment Management LLC now owns 466,356 shares of the company’s stock valued at $3,283,000 after buying an additional 148,913 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

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.