Tronox (NYSE:TROX) SVP Jeffrey Neuman Sells 22,965 Shares

Tronox Holdings PLC (NYSE:TROX) SVP Jeffrey Neuman sold 22,965 shares of Tronox stock in a transaction on Friday, March 6th. The shares were sold at an average price of $6.59, for a total value of $151,339.35. Following the transaction, the senior vice president owned 248,831 shares in the company, valued at $1,639,796.29. This represents a 8.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Tronox Stock Up 5.0%

NYSE:TROX opened at $6.87 on Tuesday. The business’s fifty day moving average price is $6.47 and its 200 day moving average price is $4.87. The firm 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 current ratio of 2.46, a quick ratio of 0.67 and a debt-to-equity ratio of 2.16. Tronox Holdings PLC has a 1-year low of $2.86 and a 1-year high of $8.80.

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

Tronox Announces Dividend

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 given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s dividend payout ratio is -6.73%.

Analysts Set New Price Targets

TROX has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $8.00 price objective on shares of Tronox in a research note on Tuesday, January 27th. The Goldman Sachs Group lifted their target price on shares of Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. Zacks Research upgraded shares of Tronox from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Mizuho upped 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. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a report on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.35.

Institutional Trading of Tronox

A number of institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in shares of Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after purchasing an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Tronox during the third quarter valued at about $37,000. Headlands Technologies LLC bought a new position in Tronox during the second quarter valued at about $38,000. Westview Management dba Westview Investment Advisors acquired a new stake in shares of Tronox in the fourth quarter worth about $42,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Tronox in the fourth quarter worth about $43,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Key Stories 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

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.