Jean Francois Turgeon Sells 18,563 Shares of Tronox (NYSE:TROX) Stock

Tronox Holdings PLC (NYSE:TROXGet Free Report) Director Jean Francois Turgeon sold 18,563 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.60, for a total transaction of $122,515.80. Following the completion of the sale, the director directly owned 754,009 shares of the company’s stock, valued at approximately $4,976,459.40. This represents a 2.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Tronox Stock Performance

TROX stock opened at $6.80 on Wednesday. The company has a 50 day moving average price of $6.52 and a 200 day moving average price of $4.89. Tronox Holdings PLC has a fifty-two week low of $2.86 and a fifty-two week high of $8.80. 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 stock has a market capitalization of $1.08 billion, a PE ratio of -2.29 and a beta of 1.11.

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

Tronox Dividend Announcement

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

Institutional Trading of Tronox

A number of institutional investors and hedge funds have recently modified their holdings of TROX. Primecap Management Co. CA boosted its stake in Tronox by 192.2% during the 2nd quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock worth $21,560,000 after acquiring an additional 2,797,002 shares during the last quarter. SG Americas Securities LLC increased its stake in Tronox by 244.6% in the second quarter. SG Americas Securities LLC now owns 147,058 shares of the company’s stock valued at $746,000 after purchasing an additional 104,381 shares in the last quarter. Franklin Resources Inc. raised its holdings in Tronox by 1,712.8% in the second quarter. Franklin Resources Inc. now owns 848,422 shares of the company’s stock worth $4,302,000 after purchasing an additional 801,620 shares during the period. Citigroup Inc. boosted its position in shares of Tronox by 693.0% during the third quarter. Citigroup Inc. now owns 469,051 shares of the company’s stock worth $1,886,000 after purchasing an additional 409,902 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in shares of Tronox during the second quarter worth $395,000. 73.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TROX has been the topic of a number of research reports. Zacks Research upgraded shares of Tronox from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. Mizuho boosted their price target on shares of Tronox from $4.00 to $4.50 and gave the stock an “underperform” rating in a research note on Thursday, March 5th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Finally, The Goldman Sachs Group lifted their target price on shares of Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a report on Thursday, January 29th. Five equities 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.35.

Check Out Our Latest Stock Report on TROX

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About Tronox

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Tronox (NYSE:TROX)

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