John Romano Sells 101,600 Shares of Tronox (NYSE:TROX) Stock

Tronox Holdings PLC (NYSE:TROXGet Free Report) CEO John Romano sold 101,600 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 value of $669,544.00. Following the transaction, the chief executive officer owned 1,473,740 shares in the company, valued at $9,711,946.60. The trade was a 6.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Tronox Stock Down 0.9%

TROX opened at $6.80 on Wednesday. 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 business has a 50 day simple moving average of $6.52 and a 200-day simple moving average of $4.89. The stock has a market capitalization of $1.08 billion, a P/E ratio of -2.29 and a beta of 1.11. Tronox Holdings PLC has a 12 month low of $2.86 and a 12 month high of $8.80.

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

Tronox Dividend Announcement

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 paid 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 -6.73%.

Key Headlines Impacting Tronox

Here are the key news stories impacting Tronox this week:

Institutional Investors Weigh In On Tronox

Institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its holdings in Tronox by 2.5% during the 4th quarter. Osaic Holdings Inc. now owns 60,004 shares of the company’s stock valued at $250,000 after acquiring an additional 1,480 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Tronox by 27.5% in the fourth 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 in the last quarter. Pilgrim Partners Asia Pte Ltd lifted its holdings in shares of Tronox by 18.1% in the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Tronox by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after purchasing an additional 3,042 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of 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 in the last quarter. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Mizuho upped their target price on shares of Tronox from $4.00 to $4.50 and gave the stock an “underperform” rating in a research report on Thursday, March 5th. 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. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded 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 issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.35.

View Our Latest Report on TROX

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.

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