Tronox (NYSE:TROX) CEO Sells $669,544.00 in Stock

Tronox Holdings PLC (NYSE:TROX) CEO John Romano sold 101,600 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $6.59, for a total value of $669,544.00. Following the completion of the transaction, the chief executive officer directly owned 1,473,740 shares in the company, valued at $9,711,946.60. This represents a 6.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Tronox Stock Down 0.9%

Shares of Tronox stock opened at $6.75 on Thursday. Tronox Holdings PLC has a 12-month low of $2.86 and a 12-month high of $8.80. The firm has a market capitalization of $1.07 billion, a PE ratio of -2.27 and a beta of 1.11. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 2.16. The stock’s fifty day moving average is $6.57 and its 200-day moving average is $4.90.

Tronox (NYSE:TROX) last released its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). The company had revenue of $730.00 million during the quarter, compared to analyst estimates of $730.22 million. Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. Equities analysts anticipate that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s dividend payout ratio (DPR) is -6.73%.

Analysts Set New Price Targets

Several brokerages have recently commented on TROX. BMO Capital Markets reaffirmed a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Truist Financial raised their price objective on Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Zacks Research raised Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, The Goldman Sachs Group upped their target price on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a report on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Tronox has an average rating of “Hold” and an average target price of $6.35.

Hedge Funds Weigh In On Tronox

A number of hedge funds have recently added to or reduced their stakes in the company. Primecap Management Co. CA grew its position in Tronox by 192.2% in the second quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock worth $21,560,000 after acquiring an additional 2,797,002 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Tronox by 244.6% during the 2nd quarter. SG Americas Securities LLC now owns 147,058 shares of the company’s stock valued at $746,000 after purchasing an additional 104,381 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Tronox by 1,712.8% in the 2nd quarter. Franklin Resources Inc. now owns 848,422 shares of the company’s stock valued at $4,302,000 after purchasing an additional 801,620 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Tronox by 693.0% in the 3rd quarter. Citigroup Inc. now owns 469,051 shares of the company’s stock valued at $1,886,000 after purchasing an additional 409,902 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in Tronox in the second quarter worth $395,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.