Tronox Holdings plc (NYSE:TROX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in Tronox Holdings plc (NYSE:TROX) by 10.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,297,799 shares of the company’s stock after selling 512,951 shares during the period. Thrivent Financial for Lutherans’ holdings in Tronox were worth $67,433,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TROX. Capital International Investors boosted its position in Tronox by 2.7% in the 1st quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock valued at $82,536,000 after buying an additional 126,926 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Tronox by 2.9% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company’s stock worth $38,072,000 after acquiring an additional 68,155 shares during the period. Primecap Management Co. CA raised its stake in shares of Tronox by 0.8% in the second quarter. Primecap Management Co. CA now owns 1,311,700 shares of the company’s stock valued at $20,581,000 after acquiring an additional 10,000 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Tronox by 3.7% in the first quarter. Bridgeway Capital Management LLC now owns 1,280,255 shares of the company’s stock valued at $22,212,000 after purchasing an additional 45,992 shares during the period. Finally, Van ECK Associates Corp grew its stake in Tronox by 14.3% during the 1st quarter. Van ECK Associates Corp now owns 1,119,037 shares of the company’s stock worth $19,415,000 after purchasing an additional 139,956 shares in the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TROX shares. The Goldman Sachs Group reduced their price target on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Mizuho began coverage on shares of Tronox in a research report on Friday, June 7th. They issued a “neutral” rating and a $22.00 price objective on the stock. UBS Group decreased their price objective on shares of Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Barclays dropped their target price on Tronox from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.33.

Tronox Stock Down 2.2 %

Shares of NYSE:TROX opened at $12.68 on Friday. The firm has a 50 day simple moving average of $13.94 and a 200-day simple moving average of $16.37. Tronox Holdings plc has a twelve month low of $10.08 and a twelve month high of $20.70. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $2.00 billion, a PE ratio of -5.69, a P/E/G ratio of 22.26 and a beta of 1.64.

Tronox (NYSE:TROX) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11). Tronox had a negative net margin of 2.14% and a negative return on equity of 3.40%. The company had revenue of $820.00 million during the quarter, compared to analyst estimates of $848.04 million. During the same quarter in the prior year, the company earned $0.16 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that Tronox Holdings plc will post 0.44 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, August 26th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.94%. The ex-dividend date is Monday, August 26th. Tronox’s dividend payout ratio (DPR) is -22.42%.

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.