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

Shares of Tronox Holdings PLC (NYSE:TROX) have earned a consensus rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $6.65.

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a report on Monday. Mizuho raised their price target on Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a report on Monday, March 23rd. Truist Financial reaffirmed a “hold” rating and set a $9.00 price target (up from $8.00) on shares of Tronox in a report on Thursday, April 9th. Zacks Research raised Tronox from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Finally, UBS Group raised their price target on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, April 9th.

Insider Activity at Tronox

In other news, insider Jonathan Flood sold 8,008 shares of Tronox stock in a transaction on 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 sale, the insider owned 92,861 shares of the company’s stock, valued at approximately $611,025.38. This trade represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey A. Engle sold 14,575 shares of Tronox stock in a transaction on Friday, March 6th. The stock was 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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 172,711 shares of company stock valued at $1,145,137. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tronox

A number of hedge funds and other institutional investors have recently modified their holdings of TROX. PNC Financial Services Group Inc. lifted its holdings in shares of Tronox by 292.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock worth $36,000 after buying an additional 6,493 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Tronox during the third quarter worth $37,000. Headlands Technologies LLC acquired a new stake in shares of Tronox during the second quarter worth $38,000. Westview Management dba Westview Investment Advisors acquired a new stake in shares of Tronox during the fourth quarter worth $42,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Tronox during the fourth quarter worth $43,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Trading Up 7.2%

Shares of Tronox stock opened at $10.12 on Friday. The business has a fifty day simple moving average of $8.18 and a two-hundred day simple moving average of $5.87. Tronox has a 1 year low of $2.86 and a 1 year high of $10.21. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -3.41 and a beta of 0.93. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67.

Tronox (NYSE:TROX) last announced its quarterly 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). Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The business had revenue of $730.00 million for the quarter, compared to analyst estimates of $730.22 million. During the same period in the prior year, the business earned $0.03 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Research analysts forecast that Tronox will post -1.1 EPS for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.0%. Tronox’s dividend payout ratio (DPR) is currently -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.