Insider Selling: Tronox (NYSE:TROX) Insider Sells $52,850.00 in Stock

Tronox Holdings PLC (NYSE:TROX) insider Jonathan Flood sold 7,000 shares of Tronox stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $7.55, for a total transaction of $52,850.00. Following the transaction, the insider directly owned 100,869 shares of the company’s stock, valued at approximately $761,560.95. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jonathan Flood also recently made the following trade(s):

• On Friday, March 6th, Jonathan Flood sold 8,008 shares of Tronox stock. The stock was sold at an average price of $6.58, for a total transaction of $52,692.64.

Tronox Price Performance

Shares of NYSE TROX opened at $6.75 on Thursday. The company has a 50 day simple moving average of $6.57 and a two-hundred day simple moving average of $4.90. 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 $1.07 billion, a price-to-earnings ratio of -2.27 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 issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) 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 the consensus estimate of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 earnings per share. Analysts expect that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Monday, February 23rd will be issued a $0.05 dividend. 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 payout ratio is -6.73%.

Institutional Investors Weigh In On Tronox

Several large investors have recently bought and sold shares of TROX. PNC Financial Services Group Inc. raised its position in Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock worth $36,000 after buying an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Tronox in the third quarter worth approximately $37,000. Headlands Technologies LLC purchased a new position in shares of Tronox during the second quarter valued at approximately $38,000. Westview Management dba Westview Investment Advisors purchased a new position in shares of Tronox during the fourth quarter valued at approximately $42,000. Finally, Aigen Investment Management LP bought a new position in Tronox during the fourth quarter valued at approximately $43,000. 73.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TROX. Mizuho lifted their price target 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 lifted their target price on shares of Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, February 26th. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a report on Friday, February 20th. Truist Financial raised their price target on shares of Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research 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 equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.35.

About Tronox

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.