Jeffrey Neuman Sells 22,965 Shares of Tronox (NYSE:TROX) Stock

Tronox Holdings PLC (NYSE:TROX) SVP Jeffrey Neuman sold 22,965 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.59, for a total transaction of $151,339.35. Following the completion of the transaction, the senior vice president owned 248,831 shares in the company, valued at $1,639,796.29. This trade represents a 8.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Tronox Trading Up 5.0%

Shares of TROX traded up $0.33 during trading hours on Monday, hitting $6.87. 3,144,878 shares of the stock were exchanged, compared to its average volume of 4,205,739. Tronox Holdings PLC has a fifty-two week low of $2.86 and a fifty-two week high of $8.80. The business has a 50-day moving average of $6.41 and a 200-day moving average of $4.85. The firm has a market capitalization of $1.09 billion, a P/E ratio of -2.31 and a beta of 1.11. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The firm had revenue of $730.00 million during the quarter, compared to analyst estimates of $730.22 million. Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. Tronox’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 EPS. On average, research analysts expect that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $0.20 annualized dividend and a dividend yield of 2.9%. Tronox’s dividend payout ratio (DPR) is -6.73%.

Wall Street Analysts Forecast Growth

TROX has been the topic of several research analyst reports. UBS Group upped their target price on Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $8.00 target price on shares of Tronox in a report on Tuesday, January 27th. The Goldman Sachs Group increased their price target on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a report on Thursday, January 29th. Truist Financial raised their price objective on shares of Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.35.

Institutional Investors Weigh In On Tronox

A number of hedge funds have recently added to or reduced their stakes in TROX. AQR Capital Management LLC acquired a new stake in Tronox in the first quarter valued at approximately $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Tronox by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock worth $497,000 after purchasing an additional 3,042 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Tronox by 12.6% in the 1st 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 purchasing an additional 41,092 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Tronox by 93.2% in the 1st quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock worth $835,000 after purchasing an additional 57,237 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Tronox in the 2nd quarter valued at $395,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Company Profile

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.