Tronox Holdings plc (NYSE:TROX) Stock Holdings Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its stake in shares of Tronox Holdings plc (NYSE:TROX) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,321,485 shares of the company’s stock after purchasing an additional 23,686 shares during the quarter. Thrivent Financial for Lutherans owned approximately 2.74% of Tronox worth $63,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TROX. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Tronox during the 2nd quarter valued at $76,000. Headlands Technologies LLC bought a new stake in shares of Tronox in the second quarter valued at about $83,000. SG Americas Securities LLC acquired a new position in Tronox in the first quarter worth about $124,000. nVerses Capital LLC acquired a new stake in shares of Tronox during the second quarter worth approximately $121,000. Finally, MQS Management LLC acquired a new stake in shares of Tronox during the second quarter worth approximately $195,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Tronox Trading Up 0.5 %

NYSE:TROX opened at $11.08 on Tuesday. The company has a fifty day moving average of $12.95 and a 200 day moving average of $15.30. Tronox Holdings plc has a 52 week low of $10.69 and a 52 week high of $20.70. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $1.75 billion, a P/E ratio of -23.08 and a beta of 1.66.

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

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, November 8th. Tronox’s payout ratio is currently -104.17%.

About Tronox

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.