Stephen J. Jones Buys 30,000 Shares of Tronox Holdings plc (NYSE:TROX) Stock

Tronox Holdings plc (NYSE:TROX) Director Stephen J. Jones purchased 30,000 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was bought at an average price of $7.17 per share, for a total transaction of $215,100.00. Following the acquisition, the director now owns 30,000 shares in the company, valued at $215,100. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tronox Stock Performance

Tronox stock opened at $7.25 on Friday. The stock has a market cap of $1.14 billion, a P/E ratio of -23.37 and a beta of 1.64. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The stock has a 50 day moving average of $8.69 and a 200-day moving average of $10.89. Tronox Holdings plc has a 52 week low of $6.64 and a 52 week high of $20.70.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. On average, analysts expect that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 6.90%. The ex-dividend date is Monday, March 3rd. Tronox’s dividend payout ratio is currently -161.29%.

Analyst Upgrades and Downgrades

TROX has been the topic of a number of research analyst reports. Mizuho decreased their price target on shares of Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Truist Financial reduced their target price on shares of Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley reduced their target price on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. UBS Group reduced their target price on shares of Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group reduced their target price on shares of Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.50.

Institutional Investors Weigh In On Tronox

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in Tronox by 54.6% in the third quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock worth $22,497,000 after buying an additional 543,091 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Tronox by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 4,321,485 shares of the company’s stock valued at $63,223,000 after purchasing an additional 23,686 shares during the period. Intech Investment Management LLC acquired a new position in shares of Tronox during the third quarter valued at $459,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Tronox by 18.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 831,254 shares of the company’s stock valued at $12,161,000 after purchasing an additional 126,846 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Tronox by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,212,221 shares of the company’s stock valued at $32,365,000 after purchasing an additional 112,010 shares during the period. 73.36% of the stock is owned by institutional investors and hedge funds.

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.