Tronox (NYSE:TROX) Trading Down 6.8% – Should You Sell?

Tronox Holdings PLC (NYSE:TROX) traded down 6.8% during mid-day trading on Friday . The company traded as low as $6.53 and last traded at $6.4760. 319,599 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 3,347,388 shares. The stock had previously closed at $6.95.

Wall Street Analyst Weigh In

A number of brokerages have commented on TROX. Weiss Ratings downgraded Tronox from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $10.00 price target on Tronox in a report on Wednesday, May 20th. Truist Financial upgraded Tronox from a “sell” rating to a “hold” rating and set a $7.00 price objective for the company in a research report on Thursday, June 11th. UBS Group upped their price objective on Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Finally, The Goldman Sachs Group dropped their target price on Tronox from $9.00 to $6.50 and set a “sell” rating on the stock in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $7.25.

Tronox Stock Performance

The company has a current ratio of 2.42, a quick ratio of 0.66 and a debt-to-equity ratio of 2.36. The company’s 50-day moving average is $6.72 and its two-hundred day moving average is $7.56. The stock has a market capitalization of $1.06 billion, a P/E ratio of -1.91 and a beta of 0.82.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, August 5th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.13). Tronox had a negative return on equity of 23.24% and a negative net margin of 17.96%.The firm had revenue of $868.00 million during the quarter, compared to the consensus estimate of $832.59 million. During the same quarter last year, the company posted ($0.28) EPS. Tronox’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Tronox Holdings PLC will post -1.27 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Monday, August 10th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 10th. This represents a $0.20 annualized dividend and a dividend yield of 3.0%. Tronox’s payout ratio is currently -6.85%.

Institutional Trading of Tronox

Several large investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in Tronox during the 2nd quarter valued at $38,000. PNC Financial Services Group Inc. grew its stake in shares of Tronox by 292.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock worth $36,000 after purchasing an additional 6,493 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Tronox in the third quarter worth $37,000. Aigen Investment Management LP acquired a new position in shares of Tronox during the fourth quarter valued at $43,000. Finally, Ballentine Partners LLC acquired a new position in shares of Tronox during the fourth quarter valued at $47,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

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.