Tronox Holdings plc (NYSE:TROX) SVP Purchases $50,200.74 in Stock

Tronox Holdings plc (NYSE:TROX) SVP Jeffrey N. Neuman bought 10,266 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $4.89 per share, for a total transaction of $50,200.74. Following the transaction, the senior vice president now owns 10,266 shares of the company’s stock, valued at approximately $50,200.74. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Tronox Trading Up 2.5 %

NYSE TROX opened at $5.25 on Friday. The firm has a market capitalization of $829.17 million, a PE ratio of -16.93 and a beta of 1.40. The business’s 50-day moving average price is $6.08 and its two-hundred day moving average price is $8.93. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. Tronox Holdings plc has a 12 month low of $4.35 and a 12 month high of $20.70.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). The firm had revenue of $738.00 million for the quarter, compared to analyst estimates of $745.96 million. Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) EPS. On average, analysts expect that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, May 19th. This represents a $0.50 dividend on an annualized basis and a yield of 9.52%. Tronox’s dividend payout ratio (DPR) is currently -52.63%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TROX. Sei Investments Co. lifted its stake in Tronox by 39.9% in the fourth quarter. Sei Investments Co. now owns 284,353 shares of the company’s stock valued at $2,863,000 after buying an additional 81,078 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Tronox during the 4th quarter valued at $701,000. Bank of New York Mellon Corp grew its holdings in Tronox by 26.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company’s stock worth $26,486,000 after purchasing an additional 551,645 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Tronox in the fourth quarter valued at $254,000. Finally, Vanguard Group Inc. increased its stake in Tronox by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company’s stock valued at $127,390,000 after purchasing an additional 193,895 shares in the last quarter. 73.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on TROX. The Goldman Sachs Group reduced their price target on shares of Tronox from $11.50 to $7.50 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group decreased their target price on shares of Tronox from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Morgan Stanley dropped their price target on Tronox from $12.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, May 5th. StockNews.com lowered Tronox from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $7.00 price target (down from $13.00) on shares of Tronox in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.64.

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.