Tronox (NYSE:TROX) Shares Gap Up – Should You Buy?

Tronox Holdings PLC (NYSE:TROX)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $7.75, but opened at $8.41. Tronox shares last traded at $7.4150, with a volume of 3,016,336 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on TROX. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $8.00 price target on shares of Tronox in a report on Tuesday, January 27th. The Goldman Sachs Group raised their target price on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. Truist Financial boosted their target price on Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. UBS Group increased their price target on Tronox from $3.80 to $5.25 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, Mizuho set a $4.00 price objective on Tronox in a report on Thursday. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Tronox has an average rating of “Hold” and a consensus target price of $6.08.

Tronox Stock Performance

The firm has a market cap of $1.08 billion, a P/E ratio of -2.30 and a beta of 1.18. The company has a current ratio of 2.72, a quick ratio of 0.73 and a debt-to-equity ratio of 1.97. The company’s 50-day moving average is $5.85 and its two-hundred day moving average is $4.58.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.17). Tronox had a negative return on equity of 14.28% and a negative net margin of 16.22%.The company had revenue of $730.00 million during the quarter, compared to analysts’ expectations of $730.22 million. During the same period last year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts predict that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s dividend payout ratio is presently -9.76%.

Hedge Funds Weigh In On Tronox

Hedge funds have recently bought and sold shares of the company. Primecap Management Co. CA boosted its holdings in Tronox by 192.2% during the second quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock worth $21,560,000 after purchasing an additional 2,797,002 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Tronox by 244.6% during the 2nd quarter. SG Americas Securities LLC now owns 147,058 shares of the company’s stock worth $746,000 after buying an additional 104,381 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Tronox by 1,712.8% during the 2nd quarter. Franklin Resources Inc. now owns 848,422 shares of the company’s stock worth $4,302,000 after buying an additional 801,620 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Tronox in the 2nd quarter worth approximately $395,000. Finally, Inspire Advisors LLC grew its holdings in shares of Tronox by 20.2% in the third quarter. Inspire Advisors LLC now owns 552,791 shares of the company’s stock valued at $2,222,000 after acquiring an additional 93,012 shares in the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Company Profile

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.