Jonathan Flood Sells 7,000 Shares of Tronox (NYSE:TROX) Stock

Tronox Holdings PLC (NYSE:TROX) insider Jonathan Flood sold 7,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $7.55, for a total transaction of $52,850.00. Following the completion of the sale, the insider owned 100,869 shares in the company, valued at $761,560.95. This represents a 6.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jonathan Flood also recently made the following trade(s):

• On Friday, March 6th, Jonathan Flood sold 8,008 shares of Tronox stock. The shares were sold at an average price of $6.58, for a total transaction of $52,692.64.

Tronox Stock Up 5.0%

TROX stock traded up $0.33 during mid-day trading on Monday, reaching $6.87. 3,144,878 shares of the company traded hands, compared to its average volume of 4,205,739. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 2.16. The firm’s 50 day moving average price is $6.41 and its 200 day moving average price is $4.85. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -2.31 and a beta of 1.11. Tronox Holdings PLC has a fifty-two week low of $2.86 and a fifty-two week high of $8.80.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.17). Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The company had revenue of $730.00 million during the quarter, compared to analysts’ expectations of $730.22 million. During the same period last year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities 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 Thursday, April 2nd. Investors of record on Monday, February 23rd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s dividend payout ratio is presently -6.73%.

Analysts Set New Price Targets

A number of research firms have issued reports on TROX. UBS Group lifted their price objective on shares of Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Mizuho increased their target price on shares of Tronox from $4.00 to $4.50 and gave the company an “underperform” rating in a report on Thursday. Truist Financial raised their price target on shares of Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Tronox in a research report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Tronox has a consensus rating of “Hold” and a consensus target price of $6.35.

Hedge Funds Weigh In On Tronox

A number of hedge funds and other institutional investors have recently made changes to their positions in TROX. AQR Capital Management LLC bought a new stake in Tronox in the first quarter worth about $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Tronox by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after purchasing an additional 3,042 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Tronox by 12.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock worth $2,578,000 after buying an additional 41,092 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Tronox by 93.2% during the 1st quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock valued at $835,000 after buying an additional 57,237 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in Tronox in the 2nd quarter worth about $395,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.