Tronox Holdings plc (NYSE:TROX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in shares of Tronox Holdings plc (NYSE:TROX) by 10.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,297,799 shares of the company’s stock after selling 512,951 shares during the quarter. Thrivent Financial for Lutherans owned approximately 2.72% of Tronox worth $67,433,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in Tronox in the 2nd quarter worth about $83,000. TFO Wealth Partners LLC lifted its position in shares of Tronox by 260,833.3% in the fourth quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock valued at $111,000 after acquiring an additional 7,825 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Tronox in the second quarter worth approximately $121,000. SG Americas Securities LLC purchased a new stake in shares of Tronox during the first quarter worth approximately $124,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Tronox by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock valued at $178,000 after purchasing an additional 861 shares during the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Stock Performance

NYSE:TROX opened at $12.68 on Friday. The company’s 50-day moving average is $13.94 and its two-hundred day moving average is $16.37. Tronox Holdings plc has a 1-year low of $10.08 and a 1-year high of $20.70. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.98 and a quick ratio of 1.08. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -5.69, a PEG ratio of 22.26 and a beta of 1.64.

Tronox (NYSE:TROX) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The business had revenue of $820.00 million during the quarter, compared to analyst estimates of $848.04 million. Tronox had a negative net margin of 2.14% and a negative return on equity of 3.40%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 earnings per share. Analysts forecast that Tronox Holdings plc will post 0.44 EPS for the current year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, August 26th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Monday, August 26th. Tronox’s payout ratio is -22.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TROX shares. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. The Goldman Sachs Group lowered their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday. Barclays cut their price objective on shares of Tronox from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. UBS Group lowered their target price on Tronox from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Mizuho assumed coverage on Tronox in a research report on Friday, June 7th. They issued a “neutral” rating and a $22.00 price target for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.33.

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.