Tronox (NYSE:TROX) Trading Up 5.6%

Tronox Ltd (NYSE:TROX)’s stock price was up 5.6% during trading on Thursday . The company traded as high as $12.36 and last traded at $12.14. Approximately 1,984,578 shares were traded during trading, an increase of 25% from the average daily volume of 1,587,908 shares. The stock had previously closed at $11.50.

A number of equities research analysts have commented on TROX shares. SunTrust Banks increased their target price on Tronox from $17.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Barclays reiterated a “buy” rating and set a $15.00 target price on shares of Tronox in a report on Wednesday, March 13th. ValuEngine upgraded Tronox from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 20th. Zacks Investment Research upgraded Tronox from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, March 6th. Finally, BMO Capital Markets set a $19.00 target price on Tronox and gave the company a “buy” rating in a report on Tuesday, March 19th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Tronox presently has an average rating of “Hold” and a consensus target price of $15.43.

The stock’s fifty day simple moving average is $10.92. The company has a market cap of $1.81 billion, a PE ratio of 22.82 and a beta of 3.13. The company has a debt-to-equity ratio of 4.80, a quick ratio of 4.72 and a current ratio of 5.82.

Tronox (NYSE:TROX) last announced its earnings results on Thursday, May 9th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.22). Tronox had a net margin of 0.17% and a return on equity of 5.43%. The company had revenue of $390.00 million for the quarter, compared to analyst estimates of $414.80 million. Sell-side analysts forecast that Tronox Ltd will post 0.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, May 17th. Tronox’s dividend payout ratio (DPR) is 32.14%.

In other Tronox news, SVP Jeffrey N. Neuman acquired 4,812 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of $10.38 per share, for a total transaction of $49,948.56. Following the completion of the acquisition, the senior vice president now directly owns 79,510 shares of the company’s stock, valued at $825,313.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Timothy C. Carlson acquired 9,615 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of $10.40 per share, for a total transaction of $99,996.00. The disclosure for this purchase can be found here. Insiders have bought 29,027 shares of company stock worth $305,315 in the last 90 days. Insiders own 1.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of TROX. FMR LLC raised its holdings in shares of Tronox by 36.7% during the first quarter. FMR LLC now owns 12,742,685 shares of the company’s stock valued at $167,566,000 after buying an additional 3,422,168 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Tronox by 1.2% during the first quarter. Clearbridge Investments LLC now owns 126,935 shares of the company’s stock valued at $1,669,000 after buying an additional 1,525 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Tronox during the first quarter valued at approximately $1,051,000. Marshall Wace LLP bought a new stake in shares of Tronox during the first quarter valued at approximately $574,000. Finally, Private Capital Management LLC raised its holdings in shares of Tronox by 28.7% during the first quarter. Private Capital Management LLC now owns 2,757,813 shares of the company’s stock valued at $36,265,000 after buying an additional 614,394 shares during the last quarter. Institutional investors and hedge funds own 56.65% of the company’s stock.

Tronox Company Profile (NYSE:TROX)

Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.

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