Stephen J. Jones Acquires 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 company’s stock in a transaction dated Tuesday, March 18th. The stock was bought at an average price of $7.17 per share, with a total value of $215,100.00. Following the completion of the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $215,100. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Tronox Stock Up 0.1 %

NYSE:TROX opened at $7.43 on Friday. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. The stock’s fifty day moving average is $8.73 and its two-hundred day moving average is $10.93. Tronox Holdings plc has a 52 week low of $6.64 and a 52 week high of $20.70. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -23.95 and a beta of 1.64.

Tronox (NYSE:TROX) last released 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%. Research analysts anticipate that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Announces Dividend

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

Analyst Ratings Changes

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

Institutional Trading of Tronox

A number of large investors have recently modified their holdings of the stock. FMR LLC increased its position in shares of Tronox by 4.7% during the third quarter. FMR LLC now owns 23,805,227 shares of the company’s stock worth $348,270,000 after acquiring an additional 1,073,674 shares during the period. Vanguard Group Inc. increased its position in shares of Tronox by 1.6% during the fourth 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 period. Thrivent Financial for Lutherans increased its position in shares of Tronox by 60.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company’s stock worth $69,869,000 after acquiring an additional 2,616,804 shares during the period. Capital International Investors increased its position in shares of Tronox by 14.8% during the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company’s stock worth $61,034,000 after acquiring an additional 781,223 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. increased its position 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 worth $28,187,000 after acquiring an additional 139,401 shares during the period. Hedge funds and other institutional investors own 73.36% of the company’s stock.

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.