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

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

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 value of $52,692.64.

Tronox Stock Performance

TROX stock opened at $6.87 on Tuesday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -2.31 and a beta of 1.11. The firm has a 50-day simple moving average of $6.47 and a two-hundred day simple moving average of $4.87. Tronox Holdings PLC has a one year low of $2.86 and a one year high of $8.80. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $730.22 million. During the same period in the previous year, the firm earned $0.03 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities analysts forecast that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

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

More Tronox News

Here are the key news stories impacting Tronox this week:

• Negative Sentiment: CEO John D. Romano sold 101,600 shares at an average price of $6.59 (proceeds ~$669,544), reducing his stake by ~6.45%. SEC Filing
• Negative Sentiment: SVP Jeffrey N. Neuman sold 22,965 shares at ~$6.59 (~$151,339), a ~8.45% reduction in his holdings. SEC Filing
• Negative Sentiment: Director Jean Francois Turgeon sold 18,563 shares at $6.60 (~$122,516), trimming his stake by ~2.40%. SEC Filing
• Negative Sentiment: SVP Jeffrey A. Engle sold 14,575 shares at $6.60 (~$96,195), a ~7.68% reduction in his position. SEC Filing
• Negative Sentiment: Insider Jonathan Flood sold two tranches: 7,000 shares on Mar 5 at $7.55 (~$52,850) and 8,008 shares on Mar 6 at $6.58 (~$52,693), reducing his stake by ~7.94% overall. SEC Filing

Hedge Funds Weigh In On Tronox

Several hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in Tronox by 203.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock worth $26,270,000 after acquiring an additional 4,378,023 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Tronox by 27.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,637,371 shares of the company’s stock valued at $23,508,000 after purchasing an additional 1,205,249 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of Tronox by 16.5% in the fourth quarter. Primecap Management Co. CA now owns 5,478,402 shares of the company’s stock valued at $22,845,000 after purchasing an additional 773,900 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Tronox by 123.0% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock valued at $18,128,000 after purchasing an additional 2,398,038 shares during the period. Finally, Lightrock Netherlands B.V. raised its stake in shares of Tronox by 66.8% in the fourth quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock worth $12,724,000 after purchasing an additional 1,222,115 shares during the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on TROX. Mizuho raised their price objective on Tronox from $4.00 to $4.50 and gave the stock an “underperform” rating in a research report on Thursday, March 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. BMO Capital Markets reissued a “market perform” rating on shares of Tronox in a report on Friday, February 20th. Zacks Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, 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. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tronox has an average rating of “Hold” and a consensus price target of $6.35.

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.