Tronox (NYSE:TROX) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Tronox (NYSE:TROX) from a sell rating to a hold rating in a research report sent to investors on Friday.

TROX has been the topic of several other research reports. UBS Group boosted their price target on Tronox from $13.00 to $14.00 and gave the stock a neutral rating in a research note on Thursday, January 11th. BMO Capital Markets upped their target price on Tronox from $18.00 to $19.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Tronox currently has a consensus rating of Hold and a consensus target price of $14.86.

Tronox Trading Up 0.6 %

Shares of NYSE:TROX opened at $17.48 on Friday. The business’s 50 day simple moving average is $16.20 and its 200-day simple moving average is $13.93. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.84 and a quick ratio of 0.95. Tronox has a 12 month low of $10.08 and a 12 month high of $17.89.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.33). The firm had revenue of $686.00 million for the quarter, compared to analysts’ expectations of $668.95 million. Tronox had a negative return on equity of 1.13% and a negative net margin of 11.09%. Tronox’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.17) EPS. Equities analysts anticipate that Tronox will post 0.6 EPS for the current year.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 4th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Friday, March 1st. Tronox’s payout ratio is currently -24.75%.

Institutional Investors Weigh In On Tronox

A number of institutional investors and hedge funds have recently bought and sold shares of TROX. Millburn Ridgefield Corp acquired a new position in Tronox in the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new position in Tronox in the 3rd quarter valued at $25,000. GAMMA Investing LLC acquired a new position in Tronox in the 4th quarter valued at $27,000. DekaBank Deutsche Girozentrale acquired a new position in Tronox in the 3rd quarter valued at $50,000. Finally, TFO Wealth Partners LLC raised its holdings in Tronox by 260,833.3% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Company Profile

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.