Tronox (NYSE:TROX) Hits New 52-Week High Following Dividend Announcement

Shares of Tronox Holdings PLC (NYSE:TROXGet Free Report) reached a new 52-week high during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $10.59 and last traded at $10.1520, with a volume of 2027010 shares. The stock had previously closed at $10.12.

The newly announced dividend which will be paid on Wednesday, July 8th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. Tronox’s payout ratio is -6.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TROX shares. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $8.00 price target on shares of Tronox in a research note on Tuesday, January 27th. Zacks Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. UBS Group lifted their price target on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Finally, Truist Financial downgraded Tronox from a “hold” rating to a “sell” rating and cut their target price for the stock from $9.00 to $8.00 in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.55.

Check Out Our Latest Research Report on TROX

Tronox Price Performance

The business has a 50 day moving average price of $8.31 and a two-hundred day moving average price of $6.01. The stock has a market cap of $1.53 billion, a PE ratio of -3.25 and a beta of 0.93. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46.

Tronox (NYSE:TROXGet Free Report) last announced its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The business had revenue of $730.00 million during the quarter, compared to analysts’ expectations of $730.22 million. During the same quarter in the previous year, the firm earned $0.03 EPS. Tronox’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts expect that Tronox Holdings PLC will post -1.1 earnings per share for the current fiscal year.

Trending Headlines about Tronox

Here are the key news stories impacting Tronox this week:

Insider Buying and Selling

In related news, insider Jonathan Flood sold 8,008 shares of Tronox 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 owned 92,861 shares of the company’s stock, valued at approximately $611,025.38. The trade was a 7.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffrey N. Neuman sold 22,965 shares of Tronox stock in a transaction that occurred 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 sale, the senior vice president directly owned 248,831 shares in the company, valued at $1,639,796.29. This trade represents a 8.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 172,711 shares of company stock worth $1,145,137 in the last three months. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Tronox

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings 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 during the period. Caitong International Asset Management Co. Ltd bought a new stake in Tronox during the 3rd quarter valued at $37,000. Headlands Technologies LLC bought a new stake in Tronox during the 2nd quarter valued at $38,000. Westview Management dba Westview Investment Advisors bought a new stake in Tronox during the 4th quarter valued at $42,000. Finally, Aigen Investment Management LP bought a new stake in Tronox during the 4th quarter valued at $43,000. Institutional investors own 73.36% of the company’s stock.

Tronox Company Profile

(Get Free Report)

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.

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