Insider Selling: Tronox (NYSE:TROX) Director Sells 18,563 Shares of Stock

Tronox Holdings PLC (NYSE:TROX) Director Jean Francois Turgeon sold 18,563 shares of Tronox stock in a transaction on Friday, March 6th. The shares were sold at an average price of $6.60, for a total value of $122,515.80. Following the completion of the transaction, the director owned 754,009 shares of the company’s stock, valued at approximately $4,976,459.40. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tronox Stock Up 5.0%

Shares of TROX stock traded up $0.33 during trading hours on Monday, reaching $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 12-month low of $2.86 and a 12-month high of $8.80. The business’s fifty day moving average is $6.41 and its two-hundred day moving average is $4.85. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67. The firm has a market capitalization of $1.09 billion, a P/E ratio of -2.31 and a beta of 1.11.

Tronox (NYSE:TROX) last released its quarterly earnings data 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). Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The firm had revenue of $730.00 million for the quarter, compared to analysts’ expectations of $730.22 million. During the same period last year, the firm posted $0.03 earnings per share. Tronox’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts expect that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently announced 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 dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s dividend payout ratio (DPR) is -6.73%.

Institutional Investors Weigh In On Tronox

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in shares of Tronox by 292.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after acquiring an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Tronox in the third quarter valued at approximately $37,000. Headlands Technologies LLC purchased a new stake in shares of Tronox during the 2nd quarter valued at $38,000. Westview Management dba Westview Investment Advisors acquired a new stake in Tronox during the fourth quarter worth about $42,000. Finally, Aigen Investment Management LP acquired a new stake in Tronox during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Wall Street Analysts Forecast Growth

TROX has been the topic of several research analyst reports. UBS Group lifted their price target on Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Mizuho upped their price objective on Tronox from $4.00 to $4.50 and gave the company an “underperform” rating in a research note on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. The Goldman Sachs Group lifted their price objective on shares of Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $8.00 target price on shares of Tronox in a report on Tuesday, January 27th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Tronox has an average rating of “Hold” and a consensus target price of $6.35.

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.