Thrivent Financial for Lutherans Has $69.87 Million Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Thrivent Financial for Lutherans raised its stake in shares of Tronox Holdings plc (NYSE:TROX) by 60.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,938,289 shares of the company’s stock after purchasing an additional 2,616,804 shares during the quarter. Thrivent Financial for Lutherans owned 4.39% of Tronox worth $69,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TROX. FMR LLC boosted its holdings in Tronox by 4.7% during the third quarter. FMR LLC now owns 23,805,227 shares of the company’s stock valued at $348,270,000 after purchasing an additional 1,073,674 shares in the last quarter. Lightrock Netherlands B.V. acquired a new stake in Tronox during the fourth quarter valued at approximately $9,183,000. Bank of New York Mellon Corp boosted its holdings in Tronox by 26.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company’s stock valued at $26,486,000 after purchasing an additional 551,645 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Tronox by 54.6% during the third quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock valued at $22,497,000 after purchasing an additional 543,091 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Tronox by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,867 shares of the company’s stock valued at $24,741,000 after purchasing an additional 244,646 shares in the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TROX shares. Truist Financial decreased their price objective on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. UBS Group reduced their target price on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Morgan Stanley reduced their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho reduced their price objective on Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, The Goldman Sachs Group reduced their price objective on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Tronox currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Tronox Stock Performance

Shares of Tronox stock opened at $7.26 on Wednesday. The company has a market capitalization of $1.15 billion, a PE ratio of -23.42 and a beta of 1.64. Tronox Holdings plc has a 12 month low of $6.64 and a 12 month high of $20.70. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The stock’s fifty day simple moving average is $8.80 and its 200 day simple moving average is $10.98.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. On average, research analysts predict that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 6.89%. The ex-dividend date is Monday, March 3rd. Tronox’s payout ratio is -161.29%.

Tronox Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.