Tronox (NYSE:TROX) Price Target Raised to $9.00 at UBS Group

Tronox (NYSE:TROX) had its target price increased by UBS Group from $7.50 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 1.08% from the stock’s current price.

Several other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $8.00 price objective on shares of Tronox in a report on Tuesday, January 27th. Truist Financial reiterated a “hold” rating and issued a $9.00 price objective (up from $8.00) on shares of Tronox in a report on Thursday. The Goldman Sachs Group lifted their price objective on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.65.

Tronox Price Performance

TROX stock traded down $0.22 during mid-day trading on Thursday, hitting $8.90. 2,555,047 shares of the stock were exchanged, compared to its average volume of 3,975,463. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67. The business has a fifty day moving average price of $7.67 and a 200 day moving average price of $5.44. Tronox has a 12 month low of $2.86 and a 12 month high of $9.94. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -3.00 and a beta of 0.93.

Tronox (NYSE:TROX) last issued 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 return on equity of 14.75% and a negative net margin of 16.22%.The firm had revenue of $730.00 million for the quarter, compared to the consensus estimate of $730.22 million. During the same period last year, the firm earned $0.03 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that Tronox will post 0.49 EPS for the current year.

Insider Activity at Tronox

In related news, CEO John D. Romano sold 101,600 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.59, for a total transaction of $669,544.00. Following the transaction, the chief executive officer owned 1,473,740 shares in the company, valued at $9,711,946.60. The trade was a 6.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffrey N. Neuman sold 22,965 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.59, for a total value of $151,339.35. Following the transaction, the senior vice president owned 248,831 shares in the company, valued at approximately $1,639,796.29. This represents a 8.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 172,711 shares of company stock worth $1,145,137 over the last 90 days. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TROX. AQR Capital Management LLC purchased a new position in Tronox during the 1st quarter valued at about $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Tronox by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after purchasing an additional 3,042 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Tronox by 12.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock valued at $2,578,000 after purchasing an additional 41,092 shares during the period. Jane Street Group LLC increased its holdings in Tronox by 93.2% during the 1st quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock valued at $835,000 after purchasing an additional 57,237 shares during the period. Finally, Prudential Financial Inc. purchased a new position in Tronox during the 2nd quarter valued at about $79,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

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.