Insider Buying: Tronox Holdings PLC (NYSE:TROX) Director Buys 20,000 Shares of Stock

Tronox Holdings PLC (NYSE:TROX) Director Peter Johnston purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average price of $3.21 per share, with a total value of $64,200.00. Following the purchase, the director directly owned 191,513 shares in the company, valued at $614,756.73. This trade represents a 11.66% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tronox Stock Performance

NYSE:TROX opened at $3.59 on Friday. The business’s 50-day moving average price is $5.03 and its two-hundred day moving average price is $6.09. Tronox Holdings PLC has a twelve month low of $2.95 and a twelve month high of $15.07. The stock has a market cap of $569.09 million, a P/E ratio of -2.27 and a beta of 1.35. The company has a quick ratio of 0.52, a current ratio of 2.10 and a debt-to-equity ratio of 1.64.

Tronox (NYSE:TROX) last released its quarterly earnings results on Wednesday, July 30th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.24). Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The business had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $802.03 million. During the same period in the previous year, the business earned $0.07 EPS. The business’s revenue was down 10.9% on a year-over-year basis. As a group, equities analysts predict that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 3rd. Shareholders of record on Tuesday, August 12th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a dividend yield of 629.0%. Tronox’s dividend payout ratio (DPR) is presently -12.66%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TROX shares. Wall Street Zen downgraded Tronox from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. The Goldman Sachs Group cut their price target on Tronox from $7.00 to $4.50 and set a “buy” rating for the company in a research note on Thursday, August 7th. Morgan Stanley cut their price target on Tronox from $8.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. UBS Group downgraded Tronox from a “buy” rating to a “neutral” rating and cut their target price for the stock from $8.00 to $3.60 in a research note on Monday, August 4th. Finally, Mizuho decreased their price target on Tronox from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Tronox has a consensus rating of “Hold” and a consensus target price of $5.01.

Institutional Trading of Tronox

Institutional investors and hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC raised its holdings in shares of Tronox by 832.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock valued at $38,000 after buying an additional 3,397 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Tronox by 763.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company’s stock valued at $65,000 after buying an additional 8,070 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Tronox by 48.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company’s stock valued at $50,000 after buying an additional 3,231 shares in the last quarter. Mariner LLC purchased a new position in shares of Tronox during the 4th quarter valued at about $105,000. Finally, CWM LLC raised its holdings in shares of Tronox by 1,186.7% during the 1st quarter. CWM LLC now owns 10,731 shares of the company’s stock valued at $76,000 after buying an additional 9,897 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

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.