Insider Buying: Tronox Holdings plc (NYSE:TROX) Director Buys 30,000 Shares of Stock

Tronox Holdings plc (NYSE:TROX) Director Stephen J. Jones purchased 30,000 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were acquired at an average price of $7.17 per share, for a total transaction of $215,100.00. Following the completion of the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $215,100. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tronox Stock Up 3.2 %

NYSE:TROX traded up $0.24 during trading hours on Wednesday, hitting $7.51. The company’s stock had a trading volume of 216,577 shares, compared to its average volume of 1,175,954. Tronox Holdings plc has a 52-week low of $6.64 and a 52-week high of $20.70. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $1.19 billion, a P/E ratio of -24.14 and a beta of 1.64. The stock has a fifty day moving average of $8.80 and a 200-day moving average of $10.98.

Tronox (NYSE:TROX) last released its quarterly earnings data 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 net margin of 1.56% and a negative return on equity of 0.63%. On average, equities analysts forecast that Tronox Holdings plc will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 6.66%. Tronox’s payout ratio is currently -161.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TROX. Truist Financial cut their target price on shares of Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley cut their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group decreased their target price on Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 26th. Mizuho cut 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. Finally, UBS Group reduced their price target on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TROX. Thrivent Financial for Lutherans raised its stake in Tronox by 60.6% during the 4th 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 in the last quarter. FMR LLC grew its holdings 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 purchasing an additional 1,073,674 shares during the last quarter. Lightrock Netherlands B.V. acquired a new stake in shares of Tronox during the fourth quarter worth about $9,183,000. Capital International Investors lifted its holdings in shares of Tronox by 14.8% in the 4th quarter. Capital International Investors now owns 6,060,943 shares of the company’s stock valued at $61,034,000 after purchasing an additional 781,223 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Tronox by 26.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company’s stock valued at $26,486,000 after purchasing an additional 551,645 shares during the period. Institutional investors and hedge funds own 73.36% of the company’s stock.

About Tronox

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.