Tronox (NYSE:TROX) Director Peter Johnston Acquires 20,000 Shares of Company Stock

Tronox Holdings PLC (NYSE:TROX) Director Peter Johnston acquired 20,000 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were bought at an average cost of $2.63 per share, for a total transaction of $52,600.00. Following the completion of the acquisition, the director directly owned 224,461 shares of the company’s stock, valued at approximately $590,332.43. The trade was a 9.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tronox Stock Up 7.8%

Shares of TROX stock opened at $2.71 on Tuesday. Tronox Holdings PLC has a fifty-two week low of $2.41 and a fifty-two week high of $10.59. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.81 and a current ratio of 2.55. The firm has a market capitalization of $431.99 million, a PE ratio of -0.85 and a beta of 0.98. The stock’s 50-day simple moving average is $3.91 and its 200-day simple moving average is $6.53.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.13). The company had revenue of $827.00 million during the quarter, compared to analyst estimates of $854.43 million. Tronox had a negative net margin of 15.86% and a negative return on equity of 24.24%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.46) EPS. Equities analysts expect that Tronox Holdings PLC will post -1.49 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, November 16th. Tronox’s payout ratio is -6.31%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TROX shares. Truist Financial decreased their target price on shares of Tronox from $7.00 to $4.00 and set a “hold” rating for the company in a research note on Tuesday, October 20th. Zacks Research cut shares of Tronox from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. JPMorgan Chase & Co. raised shares of Tronox from an “underweight” rating to a “neutral” rating in a report on Monday. The Goldman Sachs Group decreased their price objective on shares of Tronox from $6.50 to $4.00 and set a “sell” rating for the company in a research report on Friday, October 9th. Finally, Mizuho lowered their target price on shares of Tronox from $5.50 to $4.50 and set an “underperform” rating on the stock in a research note on Wednesday, September 30th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Tronox presently has an average rating of “Reduce” and an average target price of $5.33.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TROX. CoreCap Advisors LLC acquired a new stake in Tronox in the 3rd quarter valued at $30,000. Vontobel Holding Ltd. acquired a new position in Tronox during the third quarter worth $43,000. Vise Technologies Inc. raised its position in Tronox by 33.0% during the third quarter. Vise Technologies Inc. now owns 19,981 shares of the company’s stock worth $79,000 after acquiring an additional 4,958 shares during the period. Inscription Capital LLC raised its position in Tronox by 98.8% during the third quarter. Inscription Capital LLC now owns 20,317 shares of the company’s stock worth $80,000 after acquiring an additional 10,098 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Tronox during the second quarter valued at $114,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Company Profile

Tronox Holdings plc (NYSE:TROX) is a global producer of titanium dioxide pigment and other titanium products. Its titanium dioxide is used to provide whiteness, brightness and opacity in paints and coatings, plastics, paper, inks and related applications. The company also produces zircon and other mineral sands products used in ceramics, refractories, foundries and industrial applications.

Tronox operates an integrated business that includes the mining of mineral sands, production of titanium-bearing feedstocks, and manufacture of titanium dioxide pigment and specialty products.