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John D. Romano Purchases 100,000 Shares of Tronox Holdings PLC (NYSE:TROX) Stock

Tronox logo with Basic Materials background

Key Points

  • CEO John D. Romano purchased 100,000 shares of Tronox Holdings PLC at an average cost of $3.09 per share, increasing his ownership by 8.11%.
  • Tronox's stock price rose 4.5% to $3.34, with a significant trading volume of nearly 9.56 million shares on the day of the CEO's purchase.
  • Tronox reported a quarterly earnings miss, with earnings per share at ($0.28), falling short of analysts' expectations, and showed a 10.9% year-over-year drop in revenue.
  • Five stocks we like better than Tronox.

Tronox Holdings PLC (NYSE:TROX - Get Free Report) CEO John D. Romano bought 100,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of $3.09 per share, for a total transaction of $309,000.00. Following the completion of the acquisition, the chief executive officer directly owned 1,333,485 shares of the company's stock, valued at $4,120,468.65. This trade represents a 8.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Tronox Stock Up 4.5%

NYSE TROX traded up $0.15 on Friday, reaching $3.34. The stock had a trading volume of 9,559,483 shares, compared to its average volume of 2,759,359. The company has a current ratio of 2.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $528.47 million, a price-to-earnings ratio of -2.10 and a beta of 1.37. The business has a 50 day moving average price of $5.46 and a 200 day moving average price of $6.60. Tronox Holdings PLC has a 1 year low of $2.95 and a 1 year high of $15.07.

Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.24). The company had revenue of $731.00 million during the quarter, compared to the consensus estimate of $802.03 million. Tronox had a negative net margin of 8.48% and a negative return on equity of 4.74%. The firm's revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. On average, analysts forecast that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, May 19th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 15.0%. The ex-dividend date of this dividend was Monday, May 19th. Tronox's dividend payout ratio is -31.65%.

Institutional Investors Weigh In On Tronox

Several large investors have recently made changes to their positions in TROX. Sterling Capital Management LLC grew its position in shares of Tronox by 832.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock worth $38,000 after buying an additional 3,397 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Tronox by 48.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company's stock worth $50,000 after buying an additional 3,231 shares during the period. Focus Partners Advisor Solutions LLC acquired a new position in Tronox in the 2nd quarter worth $64,000. Nisa Investment Advisors LLC increased its holdings in Tronox by 763.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock worth $65,000 after purchasing an additional 8,070 shares in the last quarter. Finally, Ground Swell Capital LLC bought a new stake in shares of Tronox in the second quarter valued at about $70,000. Institutional investors own 73.36% of the company's stock.

Wall Street Analyst Weigh In

TROX has been the topic of a number of recent research reports. Truist Financial cut their target price on shares of Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, April 14th. BMO Capital Markets downgraded shares of Tronox from a "market perform" rating to an "underperform" rating and reduced their price target for the company from $7.00 to $3.00 in a report on Monday, June 30th. UBS Group dropped their price objective on shares of Tronox from $8.50 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. The Goldman Sachs Group decreased their target price on shares of Tronox from $11.50 to $7.50 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. raised Tronox from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $5.00 to $7.00 in a report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $7.06.

Get Our Latest Report on Tronox

Tronox Company Profile

(Get Free Report)

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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