Tronox (NYSE:TROX) Reaches New 1-Year High – Should You Buy?

Tronox Holdings PLC (NYSE:TROX)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $9.53 and last traded at $9.1890, with a volume of 3579704 shares. The stock had previously closed at $9.12.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TROX shares. Mizuho raised their target price on Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a research report on Monday, March 23rd. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Zacks Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, The Goldman Sachs Group lifted their price objective on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Tronox presently has an average rating of “Hold” and a consensus target price of $6.40.

Tronox Stock Performance

The company’s 50-day moving average price is $7.40 and its two-hundred day moving average price is $5.29. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -3.16 and a beta of 0.92. 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 released its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The firm had revenue of $730.00 million during the quarter, compared to analyst estimates of $730.22 million. Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. Tronox’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 EPS. On average, equities research analysts anticipate that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s payout ratio is currently -6.73%.

Insider Activity at Tronox

In related news, CEO John D. Romano sold 101,600 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.59, for a total transaction of $669,544.00. Following the sale, the chief executive officer owned 1,473,740 shares in the company, valued at $9,711,946.60. This represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey A. Engle sold 14,575 shares of Tronox stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.60, for a total value of $96,195.00. Following the completion of the sale, the senior vice president owned 175,251 shares of the company’s stock, valued at approximately $1,156,656.60. The trade was a 7.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 172,711 shares of company stock worth $1,145,137 over the last quarter. 1.70% of the stock is owned by company insiders.

Institutional Trading of Tronox

Several large investors have recently modified their holdings of TROX. Citigroup Inc. boosted its stake in Tronox by 693.0% during the third quarter. Citigroup Inc. now owns 469,051 shares of the company’s stock worth $1,886,000 after acquiring an additional 409,902 shares in the last quarter. Shah Capital Management grew its holdings in Tronox by 650.0% in the fourth quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock worth $12,510,000 after purchasing an additional 2,600,000 shares during the period. Counterpoint Mutual Funds LLC increased its stake in Tronox by 887.3% in the third quarter. Counterpoint Mutual Funds LLC now owns 689,150 shares of the company’s stock valued at $2,770,000 after purchasing an additional 619,351 shares in the last quarter. Algert Global LLC increased its stake in Tronox by 47.7% in the third quarter. Algert Global LLC now owns 1,712,187 shares of the company’s stock valued at $6,883,000 after purchasing an additional 552,845 shares in the last quarter. Finally, Inspire Advisors LLC raised its holdings in shares of Tronox by 20.2% during the third quarter. Inspire Advisors LLC now owns 552,791 shares of the company’s stock valued at $2,222,000 after purchasing an additional 93,012 shares during the period. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Company Profile

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.