Tronox (NYSE:TROX) Shares Up 6% – Should You Buy?

Shares of Tronox Holdings PLC (NYSE:TROX) rose 6% during trading on Wednesday . The stock traded as high as $8.09 and last traded at $8.1520. Approximately 200,897 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 3,684,253 shares. The stock had previously closed at $7.69.

Analyst Ratings Changes

TROX has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of Tronox in a research note on Wednesday. Mizuho raised their price target on shares of Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a research note on Monday, March 23rd. The Goldman Sachs Group downgraded shares of Tronox from a “buy” rating to a “sell” rating and set a $9.00 price target on the stock. in a research note on Tuesday, May 12th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Finally, Zacks Research raised shares of Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tronox has a consensus rating of “Reduce” and an average price target of $6.80.

Tronox Stock Down 3.3%

The company has a current ratio of 2.42, a quick ratio of 0.66 and a debt-to-equity ratio of 2.36. The firm has a market cap of $1.23 billion, a PE ratio of -2.64 and a beta of 0.83. The business’s 50-day simple moving average is $8.79 and its 200 day simple moving average is $6.53.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, May 6th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). The business had revenue of $760.00 million for the quarter, compared to analysts’ expectations of $751.38 million. Tronox had a negative net margin of 15.82% and a negative return on equity of 19.93%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business posted ($0.15) EPS. As a group, equities research analysts expect that Tronox Holdings PLC will post -1.18 earnings per share for the current year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, May 11th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 2.6%. Tronox’s dividend payout ratio (DPR) is -6.85%.

Insider Buying and Selling at Tronox

In other Tronox news, SVP Jeffrey A. Engle sold 14,575 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.60, for a total transaction of $96,195.00. Following the transaction, the senior vice president owned 175,251 shares of the company’s stock, valued at approximately $1,156,656.60. This trade represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffrey N. Neuman sold 22,965 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.59, for a total transaction of $151,339.35. Following the transaction, the senior vice president directly owned 248,831 shares in the company, valued at $1,639,796.29. This trade represents a 8.45% 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 worth $1,145,137. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. grew its position in shares of Tronox by 2.5% in the 4th quarter. Osaic Holdings Inc. now owns 60,004 shares of the company’s stock worth $250,000 after buying an additional 1,480 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Tronox by 27.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,576 shares of the company’s stock worth $48,000 after buying an additional 2,496 shares during the last quarter. Pilgrim Partners Asia Pte Ltd grew its position in shares of Tronox by 18.1% in the 4th quarter. Pilgrim Partners Asia Pte Ltd now owns 19,600 shares of the company’s stock worth $82,000 after buying an additional 3,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Tronox by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock worth $497,000 after buying an additional 3,042 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Tronox by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 500,461 shares of the company’s stock worth $4,890,000 after buying an additional 3,225 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

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.