Insider Selling: Tronox (NYSE:TROX) SVP Sells $96,195.00 in Stock

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

Tronox Price Performance

TROX opened at $6.75 on Thursday. Tronox Holdings PLC has a 1 year low of $2.86 and a 1 year high of $8.80. The stock has a 50-day moving average price of $6.57 and a 200-day moving average price of $4.90. The firm has a market cap of $1.07 billion, a PE ratio of -2.27 and a beta of 1.11. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67.

Tronox (NYSE:TROX) last released 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 firm had revenue of $730.00 million for 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 firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. Sell-side analysts predict that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

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

Analyst Ratings Changes

TROX has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $8.00 price objective on shares of Tronox in a research report on Tuesday, January 27th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Tronox in a report on Friday, February 20th. Truist Financial lifted their price target on shares of Tronox from $7.00 to $8.00 and gave the stock 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. Finally, The Goldman Sachs Group lifted their target price on shares of Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.35.

Hedge Funds Weigh In On Tronox

A number of institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in Tronox by 292.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after buying an additional 6,493 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Tronox during the 3rd quarter valued at $37,000. Headlands Technologies LLC purchased a new position in Tronox during the second quarter valued at $38,000. Westview Management dba Westview Investment Advisors bought a new position in shares of Tronox in the fourth quarter worth about $42,000. Finally, Aigen Investment Management LP purchased a new position in shares of Tronox during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

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.