Tronox (NYSE:TROX) Reaches New 1-Year High at $19.39

Tronox Holdings plc (NYSE:TROX) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $19.39 and last traded at $18.84, with a volume of 278975 shares. The stock had previously closed at $17.09.

Analyst Upgrades and Downgrades

TROX has been the subject of several analyst reports. UBS Group increased their price target on shares of Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Finally, BMO Capital Markets increased their target price on shares of Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Tronox has a consensus rating of “Hold” and a consensus target price of $14.86.

Tronox Stock Performance

The company has a current ratio of 2.84, a quick ratio of 0.95 and a debt-to-equity ratio of 1.41. The stock’s 50 day moving average price is $16.43 and its two-hundred day moving average price is $14.10. The firm has a market capitalization of $2.96 billion, a PE ratio of -9.18, a PEG ratio of 22.87 and a beta of 1.91.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Tronox had a negative return on equity of 1.13% and a negative net margin of 11.09%. The business had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $753.98 million. During the same period last year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts expect that Tronox Holdings plc will post 0.6 earnings per share for the current year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 4th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, March 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.65%. Tronox’s dividend payout ratio (DPR) is -24.75%.

Institutional Trading of Tronox

Hedge funds have recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new stake in Tronox during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in Tronox during the third quarter worth approximately $25,000. GAMMA Investing LLC acquired a new stake in Tronox during the fourth quarter worth approximately $27,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Tronox in the 3rd quarter valued at $50,000. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Tronox by 260,833.3% in the 4th quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock valued at $111,000 after purchasing an additional 7,825 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

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.