Tronox Holdings PLC (NYSE:TROX) Receives $6.65 Consensus Price Target from Analysts

Shares of Tronox Holdings PLC (NYSE:TROX) have been given an average recommendation of “Hold” by the twelve research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $6.65.

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $8.00 target price on shares of Tronox in a report on Tuesday, January 27th. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a report on Friday, February 20th. Mizuho increased their target price on shares of Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a report on Monday, March 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group increased their target price on shares of Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a report on Thursday, January 29th.

Tronox Stock Up 1.8%

Tronox stock opened at $9.29 on Friday. Tronox has a fifty-two week low of $2.86 and a fifty-two week high of $9.94. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46. The firm has a 50 day moving average price of $8.04 and a 200 day moving average price of $5.73. The company has a market capitalization of $1.47 billion, a PE ratio of -3.13 and a beta of 0.93.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.17). Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The company had revenue of $730.00 million during the quarter, compared to analyst estimates of $730.22 million. During the same quarter last year, the business posted $0.03 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Research analysts expect that Tronox will post -1.12 earnings per share for the current year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Monday, February 23rd were issued a dividend of $0.05 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 2.2%. Tronox’s dividend payout ratio is -6.73%.

Insider Buying and Selling

In other Tronox news, insider Jonathan Flood sold 8,008 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.58, for a total value of $52,692.64. Following the sale, the insider directly owned 92,861 shares of the company’s stock, valued at approximately $611,025.38. This represents a 7.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeffrey A. Engle sold 14,575 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.60, for a total transaction of $96,195.00. Following the completion of the sale, the senior vice president directly owned 175,251 shares in the company, valued at approximately $1,156,656.60. This represents a 7.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 172,711 shares of company stock worth $1,145,137. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in shares of Tronox in the 2nd quarter valued at $38,000. PNC Financial Services Group Inc. grew its position in shares of Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after buying an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Tronox in the 3rd quarter valued at $37,000. Westview Management dba Westview Investment Advisors purchased a new position in shares of Tronox in the 4th quarter valued at $42,000. Finally, Aigen Investment Management LP purchased a new position in shares of Tronox in the 4th quarter valued at $43,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

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.