Insider Selling: Tronox (NYSE:TROX) SVP Sells $151,339.35 in Stock

Tronox Holdings PLC (NYSE:TROX) SVP Jeffrey Neuman sold 22,965 shares of the stock in a transaction dated 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 directly owned 248,831 shares of the company’s stock, valued at $1,639,796.29. This trade represents a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Tronox Trading Down 0.9%

Shares of Tronox stock opened at $6.75 on Thursday. The firm’s 50 day moving average is $6.57 and its 200 day moving average is $4.90. The firm has a market capitalization of $1.07 billion, a PE ratio of -2.27 and a beta of 1.11. Tronox Holdings PLC has a 1 year low of $2.86 and a 1 year high of $8.80. The company has a current ratio of 2.46, a quick ratio of 0.67 and a debt-to-equity ratio of 2.16.

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 net margin of 16.22% and a negative return on equity of 14.75%. The company had revenue of $730.00 million during the quarter, compared to the consensus estimate of $730.22 million. During the same period in the previous year, the company earned $0.03 EPS. Tronox’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts forecast that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, February 23rd. This represents a $0.20 annualized dividend and a dividend yield of 3.0%. Tronox’s dividend payout ratio is -6.73%.

Analyst Upgrades and Downgrades

TROX has been the topic of a number of research reports. Mizuho boosted 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. UBS Group increased 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. The Goldman Sachs Group lifted their price target on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. Truist Financial boosted their price target on Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Zacks Research upgraded shares of Tronox from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.35.

Institutional Investors Weigh In On Tronox

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its stake in shares of Tronox by 2.5% in the fourth quarter. Osaic Holdings Inc. now owns 60,004 shares of the company’s stock worth $250,000 after acquiring an additional 1,480 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Tronox by 27.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,576 shares of the company’s stock valued at $48,000 after purchasing an additional 2,496 shares during the period. Pilgrim Partners Asia Pte Ltd increased its position in Tronox by 18.1% during the 4th quarter. Pilgrim Partners Asia Pte Ltd now owns 19,600 shares of the company’s stock valued at $82,000 after purchasing an additional 3,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Tronox by 4.5% during the 1st 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 last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Tronox by 38.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,619 shares of the company’s stock worth $55,000 after purchasing an additional 3,775 shares during the last quarter. 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.