Tronox (NYSE:TROX) Stock Price Down 8.7% – What’s Next?

Tronox Holdings PLC (NYSE:TROX) was down 8.7% during trading on Friday . The stock traded as low as $6.57 and last traded at $6.6450. Approximately 1,116,478 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 4,103,436 shares. The stock had previously closed at $7.28.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TROX shares. Zacks Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a research report on Monday. Truist Financial boosted their price target on Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Mizuho upped their price target on shares of Tronox from $4.00 to $4.50 and gave the stock an “underperform” rating in a research note on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. Finally, UBS Group upped their price objective on Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a report on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.35.

Tronox Stock Performance

The firm’s fifty day simple moving average is $6.37 and its 200 day simple moving average is $4.82. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -2.16 and a beta of 1.11. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.17). Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The firm had revenue of $730.00 million during the quarter, compared to analysts’ expectations of $730.22 million. During the same quarter last year, the company posted $0.03 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s dividend payout ratio (DPR) is -6.73%.

Institutional Investors Weigh In On Tronox

Several hedge funds have recently bought and sold shares of TROX. Alpine Global Management LLC increased its holdings in shares of Tronox by 897.4% in the 4th quarter. Alpine Global Management LLC now owns 21,531 shares of the company’s stock valued at $90,000 after purchasing an additional 24,231 shares during the period. Invesco Ltd. lifted its position in Tronox by 34.1% in the 4th quarter. Invesco Ltd. now owns 264,873 shares of the company’s stock worth $1,105,000 after buying an additional 67,412 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Tronox during the 4th quarter valued at $77,000. Empowered Funds LLC increased its stake in shares of Tronox by 10.9% in the fourth quarter. Empowered Funds LLC now owns 607,939 shares of the company’s stock worth $2,535,000 after acquiring an additional 59,648 shares during the last quarter. Finally, Susquehanna Portfolio Strategies LLC raised its holdings in shares of Tronox by 5.3% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 583,272 shares of the company’s stock worth $2,432,000 after acquiring an additional 29,308 shares in the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

About Tronox

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.