HighTower Advisors LLC purchased a new position in shares of Tronox Holdings plc (NYSE:TROX) during the second quarter, Holdings Channel reports. The firm purchased 66,903 shares of the company’s stock, valued at approximately $1,500,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bbva USA bought a new stake in Tronox during the second quarter worth $307,000. Valmark Advisers Inc. lifted its stake in Tronox by 14.0% during the second quarter. Valmark Advisers Inc. now owns 49,572 shares of the company’s stock worth $1,110,000 after purchasing an additional 6,101 shares during the last quarter. FDx Advisors Inc. lifted its stake in Tronox by 5.1% during the second quarter. FDx Advisors Inc. now owns 13,885 shares of the company’s stock worth $311,000 after purchasing an additional 678 shares during the last quarter. American Century Companies Inc. lifted its stake in Tronox by 31.4% during the second quarter. American Century Companies Inc. now owns 165,681 shares of the company’s stock worth $3,711,000 after purchasing an additional 39,594 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Tronox by 10.5% in the 2nd quarter. Rhumbline Advisers now owns 157,160 shares of the company’s stock valued at $3,520,000 after acquiring an additional 14,952 shares during the last quarter. Hedge funds and other institutional investors own 66.55% of the company’s stock.
A number of research analysts have recently commented on TROX shares. Zacks Investment Research upgraded Tronox from a “sell” rating to a “hold” rating in a research note on Tuesday, August 17th. JPMorgan Chase & Co. raised their target price on Tronox from $26.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday. They noted that the move was a valuation call. Finally, Bank of America started coverage on Tronox in a report on Thursday, May 20th. They set a “buy” rating and a $28.00 price target for the company. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $26.75.
Tronox (NYSE:TROX) last issued its earnings results on Wednesday, July 28th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.11. The company had revenue of $927.00 million during the quarter, compared to the consensus estimate of $921.43 million. Tronox had a return on equity of 10.66% and a net margin of 31.53%. Analysts expect that Tronox Holdings plc will post 2.34 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Monday, August 9th were paid a $0.10 dividend. The ex-dividend date was Friday, August 6th. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. Tronox’s dividend payout ratio is presently 71.43%.
Tronox Holdings Plc engages in the mining and inorganic chemical business. Its products include Titanium Dioxide Mineral Sands. The firm also mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments. The company was founded in 2006 and is headquartered in Stamford, CT.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
Want to see what other hedge funds are holding TROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tronox Holdings plc (NYSE:TROX).
Receive News & Ratings for Tronox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tronox and related companies with MarketBeat.com's FREE daily email newsletter.