Insider Selling: Tronox (NYSE:TROX) Director Sells $122,515.80 in Stock

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

Tronox Stock Down 0.9%

Shares of TROX opened at $6.75 on Thursday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -2.27 and a beta of 1.11. Tronox Holdings PLC has a 52 week low of $2.86 and a 52 week high of $8.80. The stock’s 50-day moving average price is $6.57 and its 200-day moving average price is $4.90. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 2.16.

Tronox (NYSE:TROX) last announced its quarterly earnings results 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). The company had revenue of $730.00 million during the quarter, compared to analyst estimates of $730.22 million. Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, sell-side analysts predict that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Announces Dividend

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

Institutional Investors Weigh In On Tronox

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TROX shares. Zacks Research raised shares of Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Mizuho raised their price target on shares of Tronox from $4.00 to $4.50 and gave the company an “underperform” rating in a research note on Thursday, March 5th. The Goldman Sachs Group boosted their price objective on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, January 29th. BMO Capital Markets reissued a “market perform” rating on shares of Tronox in a report on Friday, February 20th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.