Brokerages Set Tronox Holdings PLC (NYSE:TROX) PT at $6.79

Shares of Tronox Holdings PLC (NYSE:TROX) have been assigned a consensus rating of “Reduce” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $6.7857.

A number of analysts recently commented on the stock. Weiss Ratings cut shares of Tronox from a “sell (d)” rating to a “sell (d-)” rating in a research 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. Truist Financial upgraded shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 target price for the company in a report on Thursday, June 11th. UBS Group increased their price target on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen lowered Tronox from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th.

Tronox Stock Down 6.6%

NYSE TROX opened at $5.84 on Monday. The stock has a market capitalization of $932.39 million, a P/E ratio of -2.00 and a beta of 0.80. Tronox has a 52 week low of $2.86 and a 52 week high of $10.59. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.66 and a current ratio of 2.42. The stock has a fifty day moving average of $6.86 and a 200-day moving average of $7.53.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.07). The firm had revenue of $760.00 million for the quarter, compared to the consensus estimate of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.15) earnings per share. On average, equities research analysts forecast that Tronox will post -1.27 EPS for the current year.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Monday, August 10th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.20 annualized dividend and a dividend yield of 3.4%. Tronox’s dividend payout ratio (DPR) is currently -6.85%.

Institutional Trading of Tronox

Several institutional investors and hedge funds have recently added to or reduced their stakes in TROX. Charles Schwab Investment Management Inc. increased its stake in shares of Tronox by 27.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,637,371 shares of the company’s stock worth $23,508,000 after purchasing an additional 1,205,249 shares during the last quarter. Primecap Management Co. CA lifted its stake in Tronox by 16.5% in the 4th quarter. Primecap Management Co. CA now owns 5,478,402 shares of the company’s stock valued at $22,845,000 after purchasing an additional 773,900 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in Tronox by 123.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock valued at $18,128,000 after purchasing an additional 2,398,038 shares during the last quarter. Lightrock Netherlands B.V. grew its holdings in Tronox by 66.8% during the fourth quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock worth $12,724,000 after purchasing an additional 1,222,115 shares during the period. Finally, State Street Corp grew its holdings in Tronox by 4.8% during the fourth quarter. State Street Corp now owns 3,039,337 shares of the company’s stock worth $12,819,000 after purchasing an additional 139,960 shares during the period. 73.36% of the stock is owned by 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.