Tronox (NYSE:TROX) Insider Sells $52,692.64 in Stock

Tronox Holdings PLC (NYSE:TROX) insider Jonathan Flood sold 8,008 shares of Tronox stock in a transaction on Friday, March 6th. The stock was sold at an average price of $6.58, for a total transaction of $52,692.64. Following the completion of the transaction, the insider directly owned 92,861 shares of the company’s stock, valued at $611,025.38. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jonathan Flood also recently made the following trade(s):

• On Thursday, March 5th, Jonathan Flood sold 7,000 shares of Tronox stock. The shares were sold at an average price of $7.55, for a total transaction of $52,850.00.

Tronox Stock Down 0.9%

Shares of NYSE:TROX opened at $6.75 on Thursday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -2.27 and a beta of 1.11. Tronox Holdings PLC has a 12 month low of $2.86 and a 12 month high of $8.80. The company has a current ratio of 2.46, a quick ratio of 0.67 and a debt-to-equity ratio of 2.16. The company has a 50-day moving average price of $6.57 and a 200 day moving average price of $4.90.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). The company had revenue of $730.00 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. As a group, equities research analysts predict that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

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

Analyst Upgrades and Downgrades

TROX has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on shares of Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. Mizuho raised their price objective on shares of Tronox from $4.00 to $4.50 and gave the stock an “underperform” rating in a research note on Thursday, March 5th. UBS Group upped their target price on Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. Finally, Truist Financial boosted their price objective on Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Tronox presently has a consensus rating of “Hold” and an average price target of $6.35.

Hedge Funds Weigh In On Tronox

A number of institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC purchased a new stake in shares of Tronox in the first quarter valued at approximately $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Tronox by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after purchasing an additional 3,042 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Tronox by 12.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock worth $2,578,000 after buying an additional 41,092 shares during the period. Jane Street Group LLC grew its position in shares of Tronox by 93.2% during the 1st quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock worth $835,000 after buying an additional 57,237 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in shares of Tronox during the 2nd quarter worth $395,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

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.