Insider Buying: Tronox Holdings plc (NYSE:TROX) Director Buys $215,100.00 in Stock

Tronox Holdings plc (NYSE:TROX) Director Stephen J. Jones acquired 30,000 shares of Tronox stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average price of $7.17 per share, with a total value of $215,100.00. Following the transaction, the director now owns 30,000 shares of the company’s stock, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Tronox Trading Down 2.2 %

Shares of TROX opened at $7.25 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $8.69 and a 200-day simple moving average of $10.89. Tronox Holdings plc has a 1-year low of $6.64 and a 1-year high of $20.70. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -23.37 and a beta of 1.64.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts forecast that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders 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 annualized dividend and a yield of 6.90%. Tronox’s payout ratio is currently -161.29%.

Analyst Ratings Changes

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

Institutional Trading of Tronox

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. grew its stake in Tronox by 34.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock worth $96,000 after acquiring an additional 1,683 shares during the period. Stifel Financial Corp grew its stake in Tronox by 1.9% in the 4th quarter. Stifel Financial Corp now owns 101,264 shares of the company’s stock worth $1,020,000 after acquiring an additional 1,891 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Tronox by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,532 shares of the company’s stock worth $680,000 after acquiring an additional 2,201 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tronox by 9.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company’s stock worth $399,000 after acquiring an additional 2,488 shares during the period. Finally, KBC Group NV boosted 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 purchasing an additional 2,590 shares during the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

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.