Tronox Holdings PLC (NYSE:TROX) Given Average Recommendation of “Reduce” by Brokerages

Tronox Holdings PLC (NYSE:TROX) has been assigned a consensus rating of “Reduce” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $6.60.

TROX has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Tronox from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Mizuho lifted their price objective on shares of Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a research report on Monday, March 23rd. Truist Financial reduced their price objective on shares of Tronox from $8.00 to $7.00 and set a “sell” rating for the company in a research report on Friday, May 8th. UBS Group lifted their price objective on shares of Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Finally, The Goldman Sachs Group cut shares of Tronox from a “buy” rating to a “sell” rating and set a $9.00 price objective for the company. in a research report on Tuesday, May 12th.

Insider Activity

In other Tronox news, SVP Jeffrey A. Engle sold 14,575 shares of Tronox stock in a transaction on Friday, March 6th. The shares were sold at an average price of $6.60, for a total transaction of $96,195.00. Following the completion of the transaction, the senior vice president directly owned 175,251 shares of the company’s stock, valued at $1,156,656.60. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeffrey N. Neuman sold 22,965 shares of Tronox stock in a transaction on Friday, March 6th. The stock was 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 of the company’s stock, valued at approximately $1,639,796.29. This trade represents a 8.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 172,711 shares of company stock valued at $1,145,137. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tronox

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in Tronox by 21,419.9% during the first quarter. Royal Bank of Canada now owns 1,065,665 shares of the company’s stock worth $10,412,000 after purchasing an additional 1,060,713 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Tronox by 6.7% during the first quarter. Quantinno Capital Management LP now owns 167,851 shares of the company’s stock worth $1,640,000 after buying an additional 10,595 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Tronox by 6.3% during the first quarter. Lazard Asset Management LLC now owns 64,985 shares of the company’s stock worth $635,000 after buying an additional 3,861 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Tronox during the first quarter worth $2,102,000. Finally, State of Wyoming acquired a new stake in shares of Tronox during the first quarter worth $464,000. 73.36% of the stock is owned by institutional investors.

Tronox Price Performance

Shares of TROX opened at $7.70 on Wednesday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -2.64 and a beta of 0.83. Tronox has a 1-year low of $2.86 and a 1-year high of $10.59. The company’s fifty day simple moving average is $8.75 and its 200 day simple moving average is $6.47. The company has a current ratio of 2.42, a quick ratio of 0.66 and a debt-to-equity ratio of 2.36.

Tronox (NYSE:TROX) last issued its earnings results on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). The firm had revenue of $760.00 million for the quarter, compared to analyst estimates of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.Tronox’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. On average, research analysts forecast that Tronox will post -1.18 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently disclosed 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. This represents a $0.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, May 11th. Tronox’s payout ratio is -6.85%.

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.