Tronox’s (TROX) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Tronox (NYSE:TROX) in a report issued on Friday morning, MarketBeat.com reports.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group reduced their price objective on Tronox from $7.00 to $4.50 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Truist Financial upped their target price on Tronox from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Mizuho reissued an “underperform” rating and set a $4.00 price target on shares of Tronox in a research note on Friday, September 12th. Alembic Global Advisors restated an “overweight” rating and issued a $6.00 price objective on shares of Tronox in a report on Monday, September 15th. Finally, Morgan Stanley cut their price objective on shares of Tronox from $8.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.07.

Tronox Stock Performance

Tronox stock opened at $4.08 on Friday. Tronox has a fifty-two week low of $2.95 and a fifty-two week high of $14.93. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10. The stock has a market cap of $645.97 million, a P/E ratio of -2.58 and a beta of 1.28. The firm’s fifty day moving average price is $4.19 and its 200-day moving average price is $5.10.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, July 30th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.24). Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The firm had revenue of $731.00 million during the quarter, compared to the consensus estimate of $802.03 million. During the same period in the prior year, the company earned $0.07 EPS. The firm’s revenue was down 10.9% compared to the same quarter last year. Tronox has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Tronox will post 0.49 earnings per share for the current fiscal year.

Tronox Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Monday, August 11th were issued a $0.05 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.20 annualized dividend and a dividend yield of 4.9%. Tronox’s dividend payout ratio (DPR) is currently -12.66%.

Insider Activity at Tronox

In other news, Director Peter Johnston acquired 20,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $3.21 per share, with a total value of $64,200.00. Following the completion of the purchase, the director owned 191,513 shares in the company, valued at approximately $614,756.73. The trade was a 11.66% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Jones bought 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of $3.19 per share, for a total transaction of $25,520.00. Following the completion of the purchase, the director directly owned 51,000 shares of the company’s stock, valued at $162,690. The trade was a 18.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 184,750 shares of company stock worth $579,714 over the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Tronox

Several institutional investors and hedge funds have recently bought and sold shares of TROX. SG Americas Securities LLC increased its stake in shares of Tronox by 6.2% during the first quarter. SG Americas Securities LLC now owns 42,677 shares of the company’s stock valued at $300,000 after buying an additional 2,482 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Tronox by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after purchasing an additional 3,042 shares during the period. Public Employees Retirement System of Ohio increased its position in Tronox by 48.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company’s stock valued at $50,000 after purchasing an additional 3,231 shares during the period. Boston Partners raised its holdings in Tronox by 3.2% in the 1st quarter. Boston Partners now owns 111,279 shares of the company’s stock worth $783,000 after purchasing an additional 3,423 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Tronox by 3.9% in the 1st quarter. Invesco Ltd. now owns 120,486 shares of the company’s stock worth $848,000 after purchasing an additional 4,498 shares in 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.