Brookstone Capital Management Grows Holdings in Tronox Holdings plc (NYSE:TROX)

Brookstone Capital Management raised its position in Tronox Holdings plc (NYSE:TROXGet Rating) by 48.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 39,164 shares of the company’s stock after acquiring an additional 12,837 shares during the quarter. Brookstone Capital Management’s holdings in Tronox were worth $618,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TROX. Verition Fund Management LLC acquired a new position in shares of Tronox during the 1st quarter worth $341,000. Aurora Investment Counsel acquired a new position in shares of Tronox during the 1st quarter worth $1,125,000. Private Capital Management LLC grew its stake in Tronox by 6.2% in the 1st quarter. Private Capital Management LLC now owns 1,222,394 shares of the company’s stock valued at $24,191,000 after acquiring an additional 70,885 shares during the last quarter. Quantbot Technologies LP grew its stake in Tronox by 8.8% in the 1st quarter. Quantbot Technologies LP now owns 66,212 shares of the company’s stock valued at $1,310,000 after acquiring an additional 5,336 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Tronox in the 1st quarter valued at about $268,000. 66.93% of the stock is owned by institutional investors and hedge funds.

Tronox Stock Performance

Shares of TROX opened at $11.61 on Friday. The business’s fifty day moving average price is $15.06 and its 200 day moving average price is $17.09. Tronox Holdings plc has a 12-month low of $11.57 and a 12-month high of $26.33. The stock has a market capitalization of $1.79 billion, a PE ratio of 3.15, a price-to-earnings-growth ratio of 0.28 and a beta of 1.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.26 and a quick ratio of 1.01.

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

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Monday, August 15th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $0.50 dividend on an annualized basis and a yield of 4.31%. Tronox’s dividend payout ratio is currently 13.55%.

Wall Street Analysts Forecast Growth

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

About Tronox

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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.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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