Tronox’s (TROX) Market Perform Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reaffirmed their market perform rating on shares of Tronox (NYSE:TROX) in a research report released on Wednesday, Marketbeat.com reports. BMO Capital Markets currently has a $7.00 price target on the stock, down from their prior price target of $13.00.

A number of other analysts also recently issued reports on the stock. UBS Group dropped their target price on shares of Tronox from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Truist Financial lowered their price objective on shares of Tronox from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Morgan Stanley decreased their price objective on Tronox from $12.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, May 5th. The Goldman Sachs Group dropped their target price on shares of Tronox from $11.50 to $7.50 and set a “buy” rating on the stock in a report on Tuesday. Finally, Mizuho reduced their price objective on Tronox from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Tronox presently has an average rating of “Hold” and an average target price of $9.64.

Tronox Trading Up 2.5 %

Shares of Tronox stock opened at $5.25 on Wednesday. Tronox has a 12-month low of $4.35 and a 12-month high of $20.70. The stock has a market cap of $829.17 million, a PE ratio of -16.93 and a beta of 1.40. The company has a 50-day moving average of $6.08 and a two-hundred day moving average of $8.93. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. The company had revenue of $738.00 million for the quarter, compared to analysts’ expectations of $745.96 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, research analysts anticipate that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.50 dividend on an annualized basis and a yield of 9.52%. Tronox’s dividend payout ratio (DPR) is -52.63%.

Insider Transactions at Tronox

In other news, Director Stephen J. Jones acquired 30,000 shares of Tronox stock in a transaction dated Tuesday, March 18th. The shares were bought at an average cost of $7.17 per share, with a total value of $215,100.00. Following the purchase, the director now owns 30,000 shares in the company, valued at $215,100. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jeffrey N. Neuman acquired 10,266 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $4.89 per share, for a total transaction of $50,200.74. Following the transaction, the senior vice president now directly owns 10,266 shares in the company, valued at approximately $50,200.74. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TROX. Stifel Financial Corp increased its holdings in shares of Tronox by 1.9% in the fourth quarter. Stifel Financial Corp now owns 101,264 shares of the company’s stock worth $1,020,000 after buying an additional 1,891 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Tronox by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,532 shares of the company’s stock worth $680,000 after purchasing an additional 2,201 shares during the last quarter. Investors Research Corp increased its stake in shares of Tronox by 16.4% in the first quarter. Investors Research Corp now owns 16,300 shares of the company’s stock worth $115,000 after buying an additional 2,300 shares during the period. SG Americas Securities LLC boosted its position in Tronox by 6.2% during the 1st quarter. SG Americas Securities LLC now owns 42,677 shares of the company’s stock valued at $300,000 after buying an additional 2,482 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after purchasing an additional 2,590 shares during the period. 73.36% of the stock is owned by institutional investors.

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.