Tronox (NYSE:TROX) Hits New 12-Month Low at $12.54

Tronox Holdings plc (NYSE:TROXGet Rating)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.54 and last traded at $12.55, with a volume of 10488 shares trading hands. The stock had previously closed at $13.19.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TROX shares. BMO Capital Markets lowered Tronox from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $21.00 to $16.00 in a research report on Monday. Bank of America cut their price objective on Tronox from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, June 14th. Barclays cut their price objective on Tronox from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, July 11th. StockNews.com lowered Tronox from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Tronox from $22.00 to $20.00 in a report on Friday, June 17th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.17.

Tronox Stock Down 4.8 %

The company has a quick ratio of 1.01, a current ratio of 2.26 and a debt-to-equity ratio of 1.05. The stock has a market cap of $1.83 billion, a PE ratio of 3.20, a P/E/G ratio of 0.30 and a beta of 1.89. The business has a 50 day moving average price of $15.13 and a 200 day moving average price of $17.12.

Tronox (NYSE:TROXGet Rating) last issued its earnings results on Wednesday, July 27th. The company reported $0.84 EPS for the quarter, hitting analysts’ consensus estimates of $0.84. Tronox had a return on equity of 20.25% and a net margin of 15.97%. The firm had revenue of $945.00 million for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that Tronox Holdings plc will post 3.27 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Monday, August 15th were paid a $0.125 dividend. The ex-dividend date was Friday, August 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.23%. Tronox’s payout ratio is 13.55%.

Institutional Trading of Tronox

A number of hedge funds have recently modified their holdings of TROX. Principal Financial Group Inc. acquired a new stake in Tronox in the fourth quarter valued at approximately $240,000. Teacher Retirement System of Texas grew its holdings in Tronox by 22.6% in the fourth quarter. Teacher Retirement System of Texas now owns 22,336 shares of the company’s stock valued at $537,000 after purchasing an additional 4,115 shares during the period. Allianz Asset Management GmbH acquired a new stake in Tronox in the fourth quarter valued at approximately $467,000. Ensign Peak Advisors Inc acquired a new stake in Tronox in the fourth quarter valued at approximately $460,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Tronox by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,136,818 shares of the company’s stock valued at $27,318,000 after purchasing an additional 49,983 shares during the period. Hedge funds and other institutional investors own 66.93% of the company’s stock.

Tronox Company Profile

(Get Rating)

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; titanium tetrachloride; and other products.

Further Reading

Receive News & Ratings for Tronox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tronox and related companies with MarketBeat.com's FREE daily email newsletter.