Peter Johnston Purchases 20,000 Shares of Tronox Holdings PLC (NYSE:TROX) Stock

Key Points

• Peter Johnston, a director at Tronox Holdings PLC, acquired 20,000 shares of the company at an average cost of $3.21 per share, increasing his total holdings to approximately $614,756.73.
• Tronox recently posted a quarterly earnings report showing a loss of ($0.28) earnings per share, which was significantly below the consensus estimate of ($0.04).
• The company announced a $0.05 per share dividend to be paid on October 3rd and has a current dividend payout ratio of -12.66%.

Tronox Holdings PLC (NYSE:TROX - Get Free Report) Director Peter Johnston purchased 20,000 shares of Tronox stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average cost of $3.21 per share, with a total value of $64,200.00. Following the transaction, the director directly owned 191,513 shares in the company, valued at approximately $614,756.73. The trade was a 11.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Tronox Price Performance

TROX stock traded up $0.28 during midday trading on Wednesday, hitting $3.72. The company's stock had a trading volume of 2,454,953 shares, compared to its average volume of 2,920,176. Tronox Holdings PLC has a 12 month low of $2.95 and a 12 month high of $15.07. The company has a quick ratio of 0.52, a current ratio of 2.10 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $589.22 million, a price-to-earnings ratio of -2.35 and a beta of 1.35. The company has a 50 day moving average of $5.16 and a two-hundred day moving average of $6.20.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.24). Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%. The business had revenue of $731.00 million during the quarter, compared to the consensus estimate of $802.03 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The company's revenue for the quarter was down 10.9% compared to the same quarter last year. On average, analysts expect that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 3rd. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.05 per share. This represents a dividend yield of 629.0%. The ex-dividend date is Monday, August 11th. Tronox's dividend payout ratio is currently -12.66%.

Analyst Upgrades and Downgrades

TROX has been the subject of several research reports. The Goldman Sachs Group reduced their price target on shares of Tronox from $7.00 to $4.50 and set a "buy" rating for the company in a research report on Thursday, August 7th. Alembic Global Advisors reiterated an "overweight" rating and set a $5.00 price objective on shares of Tronox in a research note on Monday. UBS Group downgraded Tronox from a "buy" rating to a "neutral" rating and cut their price objective for the company from $8.00 to $3.60 in a research note on Monday, August 4th. Morgan Stanley cut their price objective on Tronox from $8.00 to $4.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. upgraded Tronox from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $5.00 to $7.00 in a research note on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Tronox presently has an average rating of "Hold" and an average price target of $5.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TROX. Sterling Capital Management LLC boosted 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 valued at $38,000 after acquiring an additional 3,397 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Tronox by 48.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company's stock valued at $50,000 after acquiring an additional 3,231 shares during the last quarter. Amplius Wealth Advisors LLC bought a new position in shares of Tronox during the 2nd quarter valued at approximately $64,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Tronox during the 2nd quarter valued at approximately $64,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Tronox by 763.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock valued at $65,000 after acquiring an additional 8,070 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors.

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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