Tronox (NYSE:TROX) Downgraded by StockNews.com

StockNews.com lowered shares of Tronox (NYSE:TROX) from a hold rating to a sell rating in a report issued on Saturday.

TROX has been the subject of several other reports. BMO Capital Markets lifted their price target on Tronox from $19.00 to $24.00 and gave the company an outperform rating in a research report on Friday. UBS Group boosted their target price on shares of Tronox from $13.00 to $14.00 and gave the company a neutral rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $15.33.

Tronox Stock Performance

Shares of TROX traded down $0.34 during trading hours on Friday, reaching $18.84. 1,566,765 shares of the company traded hands, compared to its average volume of 1,099,046. The company has a quick ratio of 0.95, a current ratio of 2.84 and a debt-to-equity ratio of 1.41. The business has a fifty day moving average price of $16.59 and a 200-day moving average price of $14.20. Tronox has a 12-month low of $10.08 and a 12-month high of $19.75. The stock has a market capitalization of $2.95 billion, a P/E ratio of -8.45, a P/E/G ratio of 25.36 and a beta of 1.91.

Tronox (NYSE:TROX) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.70%. The business had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $753.98 million. During the same period last year, the company earned $0.15 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate that Tronox will post 0.6 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 4th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Friday, March 1st. Tronox’s dividend payout ratio is presently -22.42%.

Institutional Trading of Tronox

Institutional investors have recently made changes to their positions in the company. Millburn Ridgefield Corp acquired a new stake in Tronox in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Tronox in the third quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new stake in shares of Tronox in the fourth quarter valued at approximately $27,000. DekaBank Deutsche Girozentrale purchased a new position in Tronox during the third quarter worth approximately $50,000. Finally, TFO Wealth Partners LLC boosted its stake in Tronox by 260,833.3% during the fourth quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock worth $111,000 after buying an additional 7,825 shares during the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Company 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.