Tronox (NYSE:TROX) Price Target Lowered to $14.00 at Truist Financial

Tronox (NYSE:TROX) had its price objective reduced by Truist Financial from $17.00 to $14.00 in a research report report published on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Barclays decreased their price objective on Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, October 28th. The Goldman Sachs Group dropped their price target on Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley dropped their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. BMO Capital Markets dropped their target price on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Finally, UBS Group dropped their target price on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.57.

Tronox Stock Up 2.2 %

NYSE:TROX opened at $8.01 on Tuesday. Tronox has a twelve month low of $7.72 and a twelve month high of $20.70. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -16.68 and a beta of 1.60. The stock has a fifty day simple moving average of $9.89 and a 200-day simple moving average of $11.84. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42.

Tronox (NYSE:TROX) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. Analysts anticipate that Tronox will post -0.05 EPS for the current year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.25%. Tronox’s payout ratio is presently -104.16%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TROX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Tronox by 16.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 325,111 shares of the company’s stock worth $3,274,000 after buying an additional 46,230 shares during the period. Voloridge Investment Management LLC raised its stake in shares of Tronox by 34.6% during the 4th quarter. Voloridge Investment Management LLC now owns 510,886 shares of the company’s stock worth $5,145,000 after buying an additional 131,196 shares during the period. Squarepoint Ops LLC raised its stake in shares of Tronox by 54.3% during the 4th quarter. Squarepoint Ops LLC now owns 247,065 shares of the company’s stock worth $2,488,000 after buying an additional 86,900 shares during the period. Two Sigma Advisers LP raised its stake in shares of Tronox by 802.0% during the 4th quarter. Two Sigma Advisers LP now owns 176,800 shares of the company’s stock worth $1,780,000 after buying an additional 157,200 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Tronox by 253.5% during the 4th quarter. Two Sigma Investments LP now owns 512,739 shares of the company’s stock worth $5,163,000 after buying an additional 367,675 shares during the period. 73.36% of the stock is owned by institutional investors and hedge funds.

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.