Tronox (NYSE:TROX) Director Jean Francois Turgeon Sells 18,563 Shares

Tronox Holdings PLC (NYSE:TROX) Director Jean Francois Turgeon sold 18,563 shares of Tronox stock in a transaction on Friday, March 6th. The shares were sold at an average price of $6.60, for a total value of $122,515.80. Following the sale, the director directly owned 754,009 shares in the company, valued at $4,976,459.40. The trade was a 2.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tronox Trading Up 5.0%

Shares of TROX stock opened at $6.87 on Tuesday. Tronox Holdings PLC has a 1 year low of $2.86 and a 1 year high of $8.80. The firm has a market capitalization of $1.09 billion, a PE ratio of -2.31 and a beta of 1.11. The stock has a fifty day moving average of $6.47 and a two-hundred day moving average of $4.87. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The business had revenue of $730.00 million for the quarter, compared to analyst estimates of $730.22 million. During the same period last year, the business posted $0.03 earnings per share. Tronox’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts expect that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Announces Dividend

The business also recently announced 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. This represents a $0.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, February 23rd. Tronox’s dividend payout ratio is currently -6.73%.

Key Tronox News

Here are the key news stories impacting Tronox this week:

• Negative Sentiment: CEO John D. Romano sold 101,600 shares at an average price of $6.59 (proceeds ~$669,544), reducing his stake by ~6.45%. SEC Filing
• Negative Sentiment: SVP Jeffrey N. Neuman sold 22,965 shares at ~$6.59 (~$151,339), a ~8.45% reduction in his holdings. SEC Filing
• Negative Sentiment: Director Jean Francois Turgeon sold 18,563 shares at $6.60 (~$122,516), trimming his stake by ~2.40%. SEC Filing
• Negative Sentiment: SVP Jeffrey A. Engle sold 14,575 shares at $6.60 (~$96,195), a ~7.68% reduction in his position. SEC Filing
• Negative Sentiment: Insider Jonathan Flood sold two tranches: 7,000 shares on Mar 5 at $7.55 (~$52,850) and 8,008 shares on Mar 6 at $6.58 (~$52,693), reducing his stake by ~7.94% overall. SEC Filing

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TROX. Zacks Research raised shares of Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $8.00 target price on shares of Tronox in a report on Tuesday, January 27th. The Goldman Sachs Group increased their price target on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, UBS Group lifted their price target on Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Tronox currently has an average rating of “Hold” and a consensus target price of $6.35.

Hedge Funds Weigh In On Tronox

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in shares of Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock worth $36,000 after purchasing an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Tronox during the third quarter valued at approximately $37,000. Headlands Technologies LLC bought a new stake in Tronox during the second quarter worth approximately $38,000. Westview Management dba Westview Investment Advisors bought a new stake in Tronox during the fourth quarter worth approximately $42,000. Finally, Aigen Investment Management LP acquired a new position in Tronox in the fourth quarter worth approximately $43,000. Institutional investors own 73.36% of the company’s stock.

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.