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

Tronox Holdings plc (NYSE:TROX - Get Free Report) Director Stephen J. Jones acquired 30,000 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were acquired at an average cost of $7.17 per share, for a total transaction of $215,100.00. Following the acquisition, the director now directly 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Tronox Price Performance

Shares of NYSE:TROX traded down $0.17 on Friday, hitting $7.25. The company had a trading volume of 2,892,024 shares, compared to its average volume of 1,186,449. 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 52-week low of $6.64 and a 52-week high of $20.70. The business has a 50 day moving average of $8.69 and a 200 day moving average of $10.86. The company has a market cap of $1.14 billion, a PE ratio of -23.37 and a beta of 1.64.

Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. As a group, equities analysts anticipate that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

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Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be given a $0.125 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.50 annualized dividend and a dividend yield of 6.90%. Tronox's dividend payout ratio is currently -161.29%.

Institutional Trading of Tronox

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its position in Tronox by 832.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock worth $38,000 after buying an additional 3,397 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Tronox during the third quarter worth about $66,000. KBC Group NV lifted its position in Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company's stock worth $70,000 after buying an additional 2,590 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in Tronox by 34.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company's stock worth $96,000 after buying an additional 1,683 shares during the period. Finally, Mariner LLC purchased a new position in Tronox during the fourth quarter worth about $105,000. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Mizuho dropped their price objective on Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Truist Financial dropped their price objective on Tronox from $17.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley lowered their target price on Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group lowered their target price on Tronox from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group lowered their target price on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Tronox currently has a consensus rating of "Moderate Buy" and an average target price 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.