Tronox (NYSE:TROX) SVP Jeffrey Engle Sells 14,575 Shares of Stock

Tronox Holdings PLC (NYSE:TROX) SVP Jeffrey Engle sold 14,575 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $6.60, for a total value of $96,195.00. Following the transaction, the senior vice president directly owned 175,251 shares in the company, valued at $1,156,656.60. This represents a 7.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tronox Stock Up 5.0%

TROX stock opened at $6.87 on Tuesday. The stock has a fifty day moving average of $6.47 and a 200-day moving average of $4.87. 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 market capitalization of $1.09 billion, a price-to-earnings ratio of -2.31 and a beta of 1.11. 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 announced 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). 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 company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. As a group, equities research analysts predict that Tronox Holdings PLC will post 0.49 earnings per share for the current 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 $0.05 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $0.20 annualized dividend and a dividend yield of 2.9%. Tronox’s payout ratio is -6.73%.

Key Headlines Impacting Tronox

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

Institutional Trading of Tronox

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in Tronox in the 1st quarter worth approximately $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Tronox by 4.5% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Tronox by 12.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock valued at $2,578,000 after purchasing an additional 41,092 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Tronox by 93.2% in the first quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock worth $835,000 after purchasing an additional 57,237 shares during the period. Finally, Envestnet Asset Management Inc. bought a new position in shares of Tronox in the second quarter worth $395,000. Institutional investors own 73.36% of the company’s stock.

Analysts Set New Price Targets

TROX has been the subject of several analyst reports. UBS Group raised their price objective on shares of Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Truist Financial boosted their target price on shares of Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Mizuho increased their target price on 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 price target on shares of Tronox in a report on Tuesday, January 27th. Finally, The Goldman Sachs Group boosted their price objective on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. 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. According to MarketBeat, Tronox 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.