Tronox (NYSE:TROX) Sets New 1-Year Low – Should You Sell?

Tronox Holdings plc (NYSE:TROX) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $11.03 and last traded at $11.05, with a volume of 211115 shares. The stock had previously closed at $11.51.

Wall Street Analysts Forecast Growth

TROX has been the topic of a number of recent research reports. UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and lifted their price target for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. BMO Capital Markets decreased their target price on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Barclays reduced their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group decreased their price objective on shares of Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Tronox has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Tronox Stock Performance

The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. The stock’s 50-day moving average price is $13.03 and its 200-day moving average price is $15.46. The company has a market capitalization of $1.72 billion, a P/E ratio of -22.67 and a beta of 1.66.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.30). The firm had revenue of $804.00 million during the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) earnings per share. As a group, equities analysts expect that Tronox Holdings plc will post -0.04 EPS for the current year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Friday, November 8th. Tronox’s dividend payout ratio is currently -104.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Tronox by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock worth $178,000 after purchasing an additional 861 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Tronox by 4.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock valued at $393,000 after acquiring an additional 1,014 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Tronox by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 21,049 shares of the company’s stock worth $365,000 after acquiring an additional 1,657 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Tronox by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company’s stock worth $717,000 after acquiring an additional 2,180 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tronox by 9.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company’s stock worth $399,000 after purchasing an additional 2,488 shares during the period. Institutional investors and hedge funds 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.