Insider Buying: Tronox Holdings PLC (NYSE:TROX) Director Buys $64,200.00 in Stock

Tronox Holdings PLC (NYSE:TROX) Director Peter Johnston purchased 20,000 shares of Tronox stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average price of $3.21 per share, for a total transaction of $64,200.00. Following the completion of the acquisition, the director owned 191,513 shares of the company’s stock, valued at approximately $614,756.73. The trade was a 11.66% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tronox Price Performance

Shares of TROX opened at $3.59 on Friday. The firm has a market cap of $569.09 million, a PE ratio of -2.27 and a beta of 1.35. Tronox Holdings PLC has a 52-week low of $2.95 and a 52-week high of $15.07. The business’s 50 day moving average price is $5.03 and its two-hundred day moving average price is $6.09. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.24). The business had revenue of $731.00 million for the quarter, compared to the consensus estimate of $802.03 million. Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%. Tronox’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, equities analysts anticipate that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 3rd. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.05 per share. This represents a dividend yield of 629.0%. The ex-dividend date is Monday, August 11th. Tronox’s dividend payout ratio is presently -12.66%.

Hedge Funds Weigh In On Tronox

A number of institutional investors and hedge funds have recently modified their holdings of TROX. Sterling Capital Management LLC boosted its holdings in shares of Tronox by 832.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock worth $38,000 after buying an additional 3,397 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Tronox by 48.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company’s stock worth $50,000 after buying an additional 3,231 shares in the last quarter. Amplius Wealth Advisors LLC bought a new position in shares of Tronox during the 2nd quarter worth approximately $64,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Tronox during the second quarter worth approximately $64,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Tronox by 763.5% during the first quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company’s stock worth $65,000 after purchasing an additional 8,070 shares during the period. 73.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TROX. UBS Group cut Tronox from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $8.00 to $3.60 in a report on Monday, August 4th. Mizuho reduced their price target on Tronox from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised Tronox from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $5.00 to $7.00 in a research note on Friday, May 30th. Truist Financial set a $5.00 price objective on Tronox in a research note on Monday, August 4th. Finally, The Goldman Sachs Group cut their price objective on Tronox from $7.00 to $4.50 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tronox currently has an average rating of “Hold” and an average price target of $5.01.

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.