Tronox (NYSE:TROX) PT Lowered to $18.00 at UBS Group

Tronox (NYSE:TROX) had its price target reduced by UBS Group from $19.00 to $18.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued research reports about the stock. Mizuho started coverage on shares of Tronox in a research report on Friday, June 7th. They issued a neutral rating and a $22.00 price target on the stock. BMO Capital Markets lifted their price target on shares of Tronox from $19.00 to $24.00 and gave the stock an outperform rating in a research report on Friday, May 3rd. The Goldman Sachs Group lifted their price target on shares of Tronox from $17.00 to $22.00 and gave the stock a buy rating in a research report on Monday, May 6th. Barclays lifted their price target on shares of Tronox from $17.00 to $22.00 and gave the stock an overweight rating in a research report on Wednesday, May 15th. Finally, StockNews.com upgraded shares of Tronox from a sell rating to a hold rating in a research report on Thursday, June 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $18.50.

Tronox Price Performance

NYSE TROX opened at $16.53 on Tuesday. Tronox has a 12 month low of $10.08 and a 12 month high of $20.70. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.12 and a quick ratio of 1.09. The firm has a market capitalization of $2.61 billion, a PE ratio of -7.41, a P/E/G ratio of 18.50 and a beta of 1.70. The company’s 50 day simple moving average is $18.38 and its 200 day simple moving average is $16.31.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. The company had revenue of $774.00 million for the quarter, compared to analyst estimates of $753.98 million. During the same quarter in the prior year, the business earned $0.15 EPS. Tronox’s revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Tronox will post 0.71 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, May 20th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, May 17th. Tronox’s dividend payout ratio (DPR) is currently -22.42%.

Institutional Investors Weigh In On Tronox

A number of institutional investors have recently modified their holdings of TROX. Capital World Investors acquired a new stake in shares of Tronox during the 1st quarter valued at $19,152,000. Franklin Resources Inc. lifted its stake in shares of Tronox by 16.5% in the 4th quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company’s stock valued at $87,583,000 after purchasing an additional 876,192 shares during the last quarter. Boston Partners lifted its stake in shares of Tronox by 160.2% in the 1st quarter. Boston Partners now owns 1,018,025 shares of the company’s stock valued at $17,664,000 after purchasing an additional 626,744 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Tronox by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,248,364 shares of the company’s stock valued at $130,960,000 after purchasing an additional 597,663 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Tronox in the 4th quarter valued at $7,760,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

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.