Tronox Holdings plc (NYSE:TROX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Tronox Holdings plc (NYSE:TROX) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.50.

TROX has been the subject of several research analyst reports. Barclays dropped their target price on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. UBS Group raised Tronox from a “neutral” rating to a “buy” rating and increased their target price for the stock from $17.00 to $19.00 in a report on Thursday, October 10th. BMO Capital Markets lowered their price target on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. The Goldman Sachs Group reduced their price objective on Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Finally, Morgan Stanley lowered their target price on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th.

Tronox Trading Down 1.3 %

TROX opened at $10.12 on Thursday. The firm’s 50 day moving average is $10.64 and its 200-day moving average is $12.56. Tronox has a 52-week low of $8.73 and a 52-week high of $20.70. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $1.60 billion, a P/E ratio of -21.08 and a beta of 1.62.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 4.94%. Tronox’s dividend payout ratio (DPR) is currently -104.16%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. KBC Group NV lifted its position in shares of Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after buying an additional 2,590 shares during the period. Inspire Investing LLC acquired a new position in Tronox during the fourth quarter worth $403,000. SG Americas Securities LLC lifted its holdings in shares of Tronox by 123.9% during the fourth quarter. SG Americas Securities LLC now owns 40,195 shares of the company’s stock valued at $405,000 after acquiring an additional 22,242 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Tronox by 8.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 69,726 shares of the company’s stock valued at $702,000 after purchasing an additional 5,309 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Tronox by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 841,230 shares of the company’s stock worth $12,307,000 after purchasing an additional 46,721 shares during the last quarter. 73.36% of the stock is owned by institutional investors.

About Tronox

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.