Tronox (NYSE:TROX) Director Peter Johnston Purchases 20,000 Shares of Stock

Tronox Holdings PLC (NYSE:TROX – Get Free Report) Director Peter Johnston acquired 20,000 shares of the stock in a transaction dated Monday, November 9th. The stock was acquired at an average price of $2.63 per share, for a total transaction of $52,600.00. Following the completion of the transaction, the director directly owned 224,461 shares of the company’s stock, valued at approximately $590,332.43. This represents a 9.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Tronox Stock Performance

NYSE TROX opened at $2.71 on Tuesday. The firm has a market cap of $431.99 million, a price-to-earnings ratio of -0.85 and a beta of 0.98. The company has a quick ratio of 0.81, a current ratio of 2.55 and a debt-to-equity ratio of 2.62. The business has a 50-day moving average price of $3.91 and a 200-day moving average price of $6.53. Tronox Holdings PLC has a twelve month low of $2.41 and a twelve month high of $10.59.

Tronox (NYSE:TROX – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.13). Tronox had a negative net margin of 15.86% and a negative return on equity of 24.24%. The business had revenue of $827.00 million for the quarter, compared to the consensus estimate of $854.43 million. During the same period last year, the business posted ($0.46) EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, equities research analysts predict that Tronox Holdings PLC will post -1.49 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Monday, November 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, November 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.4%. Tronox’s dividend payout ratio is currently -6.31%.

Institutional Trading of Tronox

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its position in Tronox by 19.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 157,808 shares of the company’s stock valued at $623,000 after purchasing an additional 25,884 shares in the last quarter. Inscription Capital LLC raised its holdings in shares of Tronox by 98.8% in the third quarter. Inscription Capital LLC now owns 20,317 shares of the company’s stock valued at $80,000 after acquiring an additional 10,098 shares in the last quarter. Vise Technologies Inc. raised its holdings in shares of Tronox by 33.0% in the 3rd quarter. Vise Technologies Inc. now owns 19,981 shares of the company’s stock valued at $79,000 after purchasing an additional 4,958 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Tronox during the third quarter valued at about $116,000. Finally, Evergreen Capital Management LLC lifted its position in Tronox by 6.0% during the third quarter. Evergreen Capital Management LLC now owns 51,345 shares of the company’s stock valued at $205,000 after acquiring an additional 2,907 shares during the last quarter. Institutional investors own 73.36% of the company’s stock.

Wall Street Analyst Weigh In

TROX has been the topic of several recent research reports. Truist Financial decreased their target price on shares of Tronox from $7.00 to $4.00 and set a “hold” rating on the stock in a research report on Tuesday, October 20th. Mizuho cut their price objective on Tronox from $5.50 to $4.50 and set an “underperform” rating on the stock in a research report on Wednesday, September 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tronox in a research note on Wednesday, November 4th. Zacks Research downgraded Tronox from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Finally, JPMorgan Chase & Co. raised shares of Tronox from an “underweight” rating to a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Tronox has a consensus rating of “Reduce” and a consensus target price of $5.33.

Check Out Our Latest Stock Report on TROX

Tronox Company Profile

(Get Free Report)

Tronox Holdings plc (NYSE:TROX) is a global producer of titanium dioxide pigment and other titanium products. Its titanium dioxide is used to provide whiteness, brightness and opacity in paints and coatings, plastics, paper, inks and related applications. The company also produces zircon and other mineral sands products used in ceramics, refractories, foundries and industrial applications.

Tronox operates an integrated business that includes the mining of mineral sands, production of titanium-bearing feedstocks, and manufacture of titanium dioxide pigment and specialty products.

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