Shares of Tronox Holdings PLC (NYSE:TROX – Get Free Report) have been assigned a consensus rating of “Reduce” from the eleven research firms 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 assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.6250.
Several analysts have recently weighed in on TROX shares. Wall Street Zen lowered shares of Tronox from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Zacks Research upgraded shares of Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Mizuho lifted their price objective on shares of Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a research note on Monday, March 23rd. Finally, Truist Financial upgraded shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 price objective for the company in a research note on Thursday.
Read Our Latest Research Report on Tronox
Tronox Stock Performance
Tronox (NYSE:TROX – Get Free Report) last released 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 company had revenue of $760.00 million during the quarter, compared to the consensus estimate of $751.38 million. Tronox had a negative net margin of 15.82% and a negative return on equity of 19.93%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.15) EPS. As a group, sell-side analysts anticipate that Tronox will post -1.17 EPS for the current year.
Tronox Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, May 11th will be paid 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 is Monday, May 11th. Tronox’s payout ratio is -6.85%.
Institutional Trading of Tronox
A number of hedge funds and other institutional investors have recently bought and sold shares of TROX. AQR Capital Management LLC bought a new stake in Tronox during the 1st quarter valued at $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 in the last quarter. Jane Street Group LLC increased its stake 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 in the last quarter. Finally, Prudential Financial Inc. bought a new stake in Tronox during the 2nd quarter valued at $79,000. 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.
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