Tronox (TROX) Shares Up 5.5%

Tronox Ltd (NYSE:TROX)’s share price shot up 5.5% during trading on Tuesday . The stock traded as high as $11.21 and last traded at $10.95. 1,965,250 shares were traded during mid-day trading, an increase of 30% from the average session volume of 1,516,676 shares. The stock had previously closed at $10.38.

Several research firms have commented on TROX. ValuEngine upgraded shares of Tronox from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 15th. Alembic Global Advisors set a $19.00 price target on shares of Tronox and gave the stock a “buy” rating in a research note on Friday, May 10th. BMO Capital Markets set a $19.00 price target on shares of Tronox and gave the stock a “buy” rating in a research note on Tuesday, March 19th. SunTrust Banks boosted their price target on shares of Tronox from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, Zacks Investment Research upgraded shares of Tronox from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.57.

The company has a market capitalization of $1.30 billion, a P/E ratio of 19.55 and a beta of 2.99. The company has a current ratio of 5.82, a quick ratio of 6.88 and a debt-to-equity ratio of 4.80.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.22). The business had revenue of $390.00 million during the quarter, compared to analyst estimates of $414.80 million. Tronox had a return on equity of 5.43% and a net margin of 0.17%. Research analysts forecast that Tronox Ltd will post 0.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, May 17th. This represents a $0.18 annualized dividend and a dividend yield of 1.64%. Tronox’s dividend payout ratio (DPR) is currently 32.14%.

In other news, Director Ginger M. Jones acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $11.45 per share, with a total value of $229,000.00. Following the transaction, the director now owns 41,303 shares in the company, valued at $472,919.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.30% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of Tronox by 3,011.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,200 shares of the company’s stock worth $32,000 after purchasing an additional 4,065 shares during the last quarter. Optimum Investment Advisors purchased a new stake in shares of Tronox during the 1st quarter worth $39,000. Quantamental Technologies LLC purchased a new stake in shares of Tronox during the 1st quarter worth $64,000. Daiwa Securities Group Inc. purchased a new stake in shares of Tronox during the 1st quarter worth $92,000. Finally, Investors Research Corp lifted its position in shares of Tronox by 11.0% during the 4th quarter. Investors Research Corp now owns 18,200 shares of the company’s stock worth $142,000 after purchasing an additional 1,800 shares during the last quarter. 69.65% of the stock is owned by institutional investors and hedge funds.

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About Tronox (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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