Tronox (NYSE:TROX) Shares Down 6.8% – Should You Sell?

Tronox Holdings PLC (NYSE:TROX)’s stock price fell 6.8% on Friday . The company traded as low as $6.53 and last traded at $6.4760. 319,599 shares were traded during mid-day trading, a decline of 90% from the average session volume of 3,347,388 shares. The stock had previously closed at $6.95.

Analysts Set New Price Targets

A number of analysts recently issued reports on TROX shares. Weiss Ratings downgraded shares of Tronox from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $10.00 target price on shares of Tronox in a research note on Wednesday, May 20th. The Goldman Sachs Group decreased their price target on shares of Tronox from $9.00 to $6.50 and set a “sell” rating for the company in a research note on Wednesday, July 22nd. Truist Financial upgraded shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 price target for the company in a research note on Thursday, June 11th. Finally, Wall Street Zen cut shares of Tronox from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.25.

Tronox Price Performance

The firm has a 50 day moving average price of $6.69 and a two-hundred day moving average price of $7.55. The company has a market cap of $1.04 billion, a P/E ratio of -1.89 and a beta of 0.82. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.66 and a current ratio of 2.42.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.13). The firm had revenue of $868.00 million during the quarter, compared to the consensus estimate of $832.59 million. Tronox had a negative net margin of 17.96% and a negative return on equity of 23.24%. The company’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.28) earnings per share. On average, analysts predict that Tronox Holdings PLC will post -1.27 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Monday, August 10th will be paid a $0.05 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.20 annualized dividend and a dividend yield of 3.1%. Tronox’s dividend payout ratio (DPR) is presently -5.78%.

Institutional Trading of Tronox

A number of institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after buying an additional 6,493 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Tronox during the third quarter worth $37,000. Headlands Technologies LLC bought a new position in shares of Tronox in the second quarter worth $38,000. Aigen Investment Management LP purchased a new position in shares of Tronox in the fourth quarter valued at $43,000. Finally, Ballentine Partners LLC purchased a new position in shares of Tronox in the fourth quarter valued at $47,000. 73.36% of the stock is currently 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.