Tronox Holdings plc (NYSE:TROX) Director Purchases $215,100.00 in Stock

Tronox Holdings plc (NYSE:TROX) Director Stephen J. Jones purchased 30,000 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was purchased 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 of the company’s stock, valued at approximately $215,100. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Tronox Trading Up 2.1 %

Shares of Tronox stock opened at $7.43 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. The stock has a market capitalization of $1.17 billion, a P/E ratio of -23.95 and a beta of 1.64. Tronox Holdings plc has a 52-week low of $6.64 and a 52-week high of $20.70. The stock’s 50-day simple moving average is $8.76 and its 200 day simple moving average is $10.96.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. As a group, research analysts anticipate that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 6.73%. The ex-dividend date is Monday, March 3rd. Tronox’s dividend payout ratio (DPR) is -161.29%.

Analysts Set New Price Targets

TROX has been the topic of a number of recent research reports. UBS Group cut their target price on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Mizuho reduced their price objective on shares of Tronox from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Truist Financial lowered 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 cut their price target on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, The Goldman Sachs Group cut their target price on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Tronox presently has a consensus rating of “Moderate Buy” and an average price target of $13.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Tronox by 4.7% during the third quarter. FMR LLC now owns 23,805,227 shares of the company’s stock valued at $348,270,000 after purchasing an additional 1,073,674 shares during the period. Vanguard Group Inc. grew its holdings in Tronox by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company’s stock worth $127,390,000 after acquiring an additional 193,895 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Tronox by 60.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company’s stock valued at $69,869,000 after acquiring an additional 2,616,804 shares during the period. Capital International Investors grew its stake in shares of Tronox by 14.8% in the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company’s stock worth $61,034,000 after purchasing an additional 781,223 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Tronox by 5.2% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,799,111 shares of the company’s stock valued at $28,187,000 after buying an additional 139,401 shares during the period. 73.36% of the stock is owned by institutional investors.

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.