Knights of Columbus Asset Advisors LLC Invests $749,000 in Tronox Holdings PLC $TROX

Key Points

• Knights of Columbus Asset Advisors LLC invested approximately $749,000 in Tronox Holdings PLC during the second quarter, acquiring 147,748 shares of the company's stock.
• Tronox has faced challenges, reporting a negative net margin of 8.48% and an EPS of ($0.28), falling short of analysts' expectations.
• The firm's recent quarterly dividend was set at $0.05 per share, representing an annualized dividend yield of 5.3%, although Tronox's dividend payout ratio stands at -12.66%.

Knights of Columbus Asset Advisors LLC bought a new position in shares of Tronox Holdings PLC (NYSE:TROX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 147,748 shares of the company's stock, valued at approximately $749,000. Knights of Columbus Asset Advisors LLC owned 0.09% of Tronox as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in TROX. Nuveen LLC acquired a new stake in shares of Tronox during the first quarter worth about $17,268,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Tronox during the first quarter worth about $6,765,000. Lightrock Netherlands B.V. boosted its stake in shares of Tronox by 82.7% during the first quarter. Lightrock Netherlands B.V. now owns 1,657,579 shares of the company's stock worth $11,689,000 after buying an additional 750,145 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Tronox during the first quarter worth about $3,620,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Tronox by 15.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company's stock worth $19,941,000 after buying an additional 375,643 shares during the period. Institutional investors and hedge funds own 73.36% of the company's stock.

Tronox Trading Down 4.6%

Shares of Tronox stock opened at $3.81 on Wednesday. Tronox Holdings PLC has a 12-month low of $2.95 and a 12-month high of $14.93. The company has a current ratio of 2.10, a quick ratio of 0.52 and a debt-to-equity ratio of 1.64. The stock has a market cap of $603.17 million, a PE ratio of -2.41 and a beta of 1.28. The company has a 50-day moving average of $4.12 and a two-hundred day moving average of $5.06.

Tronox (NYSE:TROX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.24). Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The company had revenue of $731.00 million during the quarter, compared to analysts' expectations of $802.03 million. During the same period last year, the business posted $0.07 earnings per share. The company's quarterly revenue was down 10.9% on a year-over-year basis. Tronox has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Monday, August 11th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, August 11th. Tronox's dividend payout ratio (DPR) is -12.66%.

Insider Buying and Selling at Tronox

In other Tronox news, Director Jean Francois Turgeon acquired 31,150 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $3.21 per share, with a total value of $99,991.50. Following the purchase, the director directly owned 772,572 shares in the company, valued at approximately $2,479,956.12. This trade represents a 4.20% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen J. Jones acquired 8,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $3.19 per share, with a total value of $25,520.00. Following the completion of the purchase, the director owned 51,000 shares in the company, valued at approximately $162,690. This represents a 18.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 184,750 shares of company stock worth $579,714. 1.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Mizuho set a $3.50 price target on shares of Tronox in a report on Friday. Weiss Ratings reissued a "sell (d)" rating on shares of Tronox in a report on Saturday, September 27th. BMO Capital Markets cut shares of Tronox from a "market perform" rating to an "underperform" rating and cut their price target for the stock from $7.00 to $3.00 in a report on Monday, June 30th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Tronox in a report on Friday, October 3rd. Finally, Alembic Global Advisors reissued an "overweight" rating and set a $6.00 price target on shares of Tronox in a report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Tronox currently has an average rating of "Hold" and an average target price of $5.10.

Tronox Company Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.

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