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

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

Tronox Trading Up 2.5%

Shares of NYSE TROX opened at $5.25 on Monday. Tronox Holdings plc has a twelve month low of $4.35 and a twelve month high of $20.70. The firm has a market cap of $829.17 million, a PE ratio of -16.93 and a beta of 1.40. The business has a fifty day simple moving average of $6.08 and a two-hundred day simple moving average of $8.87. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54.

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

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, May 19th will be issued a $0.125 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.50 annualized dividend and a dividend yield of 9.52%. Tronox’s dividend payout ratio is currently -52.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TROX shares. Mizuho reduced their price target on Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. BMO Capital Markets reiterated a “market perform” rating and issued a $7.00 target price (down previously from $13.00) on shares of Tronox in a research note on Wednesday, May 7th. StockNews.com downgraded Tronox from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Morgan Stanley cut their price target on shares of Tronox from $12.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, May 5th. Finally, Truist Financial reduced their price target on shares of Tronox from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.64.

Institutional Investors Weigh In On Tronox

Hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC raised its stake in Tronox by 832.6% in the fourth 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. Nisa Investment Advisors LLC boosted its position in Tronox by 763.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company’s stock valued at $65,000 after acquiring an additional 8,070 shares in the last quarter. KBC Group NV increased its holdings in shares of Tronox by 59.4% in the 4th quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after acquiring an additional 2,590 shares during the period. CWM LLC raised its position in shares of Tronox by 1,186.7% in the 1st quarter. CWM LLC now owns 10,731 shares of the company’s stock worth $76,000 after acquiring an additional 9,897 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Tronox by 1,070.2% in the 1st quarter. GAMMA Investing LLC now owns 11,257 shares of the company’s stock worth $79,000 after acquiring an additional 10,295 shares in the last quarter. 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.