Tronox Holdings plc (NYSE:TROX) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Tronox Holdings plc (NYSE:TROX - Free Report) by 60.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,938,289 shares of the company's stock after acquiring an additional 2,616,804 shares during the period. Thrivent Financial for Lutherans owned about 4.39% of Tronox worth $69,869,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP boosted its holdings in shares of Tronox by 98.6% during the third quarter. Quantbot Technologies LP now owns 174,922 shares of the company's stock worth $2,559,000 after purchasing an additional 86,852 shares during the last quarter. Geode Capital Management LLC boosted its stake in Tronox by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company's stock worth $39,708,000 after buying an additional 22,165 shares during the last quarter. Victory Capital Management Inc. grew its holdings in 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 period. Bank of New York Mellon Corp increased its stake in shares of Tronox by 26.5% during 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 acquiring an additional 551,645 shares during the last quarter. Finally, Atom Investors LP lifted its holdings in shares of Tronox by 72.9% during the 3rd 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 period. 73.36% of the stock is owned by hedge funds and other institutional investors.

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Tronox Trading Down 2.2 %

Shares of TROX stock traded down $0.17 during mid-day trading on Friday, reaching $7.25. The company's stock had a trading volume of 2,892,024 shares, compared to its average volume of 1,186,449. The company's 50 day simple moving average is $8.69 and its 200-day simple moving average is $10.87. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. Tronox Holdings plc has a 12-month low of $6.64 and a 12-month high of $20.70. The firm has a market capitalization of $1.14 billion, a PE ratio of -23.37 and a beta of 1.64.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 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%. On average, research analysts predict that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

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

Insider Buying and Selling at Tronox

In other news, Director Stephen J. Jones acquired 30,000 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were purchased at an average price 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 represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TROX. Morgan Stanley lowered their target price on shares of Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Truist Financial lowered their price objective 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. 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 report on Wednesday, February 26th. UBS Group reduced 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. Finally, Mizuho dropped their price target on Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Tronox currently 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.