Tronox Holdings PLC (NYSE:TROX) Receives $6.40 Consensus Price Target from Brokerages

Tronox Holdings PLC (NYSE:TROX) has received an average recommendation of “Hold” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.40.

Several research analysts have commented on the stock. UBS Group upped their price objective on shares of Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Mizuho increased their price target on shares of Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a research note on Monday. The Goldman Sachs Group raised their price objective on shares of Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Tronox in a research report on Friday, February 20th.

Insiders Place Their Bets

In other news, SVP Jeffrey A. Engle sold 14,575 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.60, for a total value of $96,195.00. Following the sale, the senior vice president directly owned 175,251 shares of the company’s stock, valued at $1,156,656.60. This represents a 7.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Flood sold 8,008 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.58, for a total transaction of $52,692.64. Following the completion of the transaction, the insider owned 92,861 shares of the company’s stock, valued at approximately $611,025.38. The trade was a 7.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 172,711 shares of company stock valued at $1,145,137 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted 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 worth $36,000 after purchasing an additional 6,493 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Tronox in the 3rd quarter worth approximately $37,000. Headlands Technologies LLC bought a new position in Tronox during the 2nd quarter valued at approximately $38,000. Westview Management dba Westview Investment Advisors bought a new position in Tronox during the 4th quarter valued at approximately $42,000. Finally, Aigen Investment Management LP purchased a new position in Tronox during the fourth quarter valued at $43,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Trading Up 0.9%

NYSE TROX opened at $9.01 on Tuesday. Tronox has a fifty-two week low of $2.86 and a fifty-two week high of $9.29. 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 stock has a 50 day simple moving average of $7.11 and a two-hundred day simple moving average of $5.16. The stock has a market cap of $1.43 billion, a P/E ratio of -3.04 and a beta of 1.11.

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

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s dividend payout ratio is presently -6.73%.

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.