Tronox Holdings plc (NYSE:TROX) Director Stephen J. Jones Purchases 30,000 Shares

Tronox Holdings plc (NYSE:TROX) Director Stephen J. Jones acquired 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was bought at an average price of $7.17 per share, with a total value of $215,100.00. Following the transaction, the director now directly owns 30,000 shares in the company, valued at $215,100. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Tronox Price Performance

Shares of NYSE TROX opened at $7.43 on Thursday. The firm has a market cap of $1.17 billion, a P/E ratio of -23.95 and a beta of 1.64. The business’s 50 day moving average is $8.76 and its 200-day moving average is $10.96. 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 1-year low of $6.64 and a 1-year high of $20.70.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. Equities research analysts predict that Tronox Holdings plc will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be paid a $0.125 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 6.73%. Tronox’s dividend payout ratio (DPR) is -161.29%.

Institutional Investors Weigh In On Tronox

Large investors have recently modified their holdings of the business. Quantbot Technologies LP grew its holdings in Tronox by 98.6% during the 3rd quarter. Quantbot Technologies LP now owns 174,922 shares of the company’s stock worth $2,559,000 after acquiring an additional 86,852 shares during the last quarter. Geode Capital Management LLC raised its position in Tronox by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock worth $39,708,000 after purchasing an additional 22,165 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Tronox by 54.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock valued at $22,497,000 after buying an additional 543,091 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 valued at $26,486,000 after buying an additional 551,645 shares during the period. Finally, Atom Investors LP raised its position in shares of Tronox by 72.9% during the third quarter. Atom Investors LP now owns 125,790 shares of the company’s stock worth $1,840,000 after acquiring an additional 53,034 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Mizuho lowered their target price on Tronox from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Truist Financial reduced their target price on shares of Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. UBS Group cut their price target on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Morgan Stanley decreased their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group cut their target price on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Tronox presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

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.