Tronox Holdings PLC (NYSE:TROX) Director Stephen J. Jones Purchases 7,000 Shares

Key Points

• Stephen J. Jones, Director of Tronox Holdings PLC, has acquired an additional 7,000 shares of the company, increasing his total ownership to 43,000 shares, following a transaction on August 6th.
• Tronox reported a quarterly loss of ($0.28) EPS, which missed analysts' expectations, and its revenue fell by 10.9% compared to the same quarter last year.
• The company has announced a dividend of $0.05 per share, to be paid on October 3rd, despite having a negative dividend payout ratio of -12.66%.

Tronox Holdings PLC (NYSE:TROX - Get Free Report) Director Stephen J. Jones acquired 7,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average cost of $3.20 per share, for a total transaction of $22,400.00. Following the purchase, the director directly owned 43,000 shares in the company, valued at $137,600. This trade represents a 19.44% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tronox Stock Down 2.5%

Shares of NYSE TROX traded down $0.08 during mid-day trading on Friday, hitting $3.15. The company had a trading volume of 4,457,251 shares, compared to its average volume of 5,100,524. Tronox Holdings PLC has a one year low of $2.95 and a one year high of $15.07. 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 company has a market capitalization of $499.15 million, a PE ratio of -1.99 and a beta of 1.35. The firm has a 50-day simple moving average of $5.25 and a two-hundred day simple moving average of $6.32.

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

Tronox Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 3rd. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.05 per share. This represents a yield of 629.0%. The ex-dividend date is Monday, August 11th. Tronox's payout ratio is currently -31.65%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TROX. JPMorgan Chase & Co. upgraded Tronox from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $5.00 to $7.00 in a report on Friday, May 30th. BMO Capital Markets cut Tronox from a "market perform" rating to an "underperform" rating and lowered their target price for the stock from $7.00 to $3.00 in a report on Monday, June 30th. Wall Street Zen cut Tronox from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Truist Financial set a $5.00 target price on Tronox in a report on Monday. Finally, The Goldman Sachs Group lowered their target price on Tronox from $7.00 to $4.50 and set a "buy" rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.01.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TROX. Vanguard Group Inc. raised its position in Tronox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company's stock valued at $127,390,000 after purchasing an additional 193,895 shares in the last quarter. Trexquant Investment LP raised its position in Tronox by 160.5% during the fourth quarter. Trexquant Investment LP now owns 112,825 shares of the company's stock valued at $1,136,000 after purchasing an additional 69,518 shares in the last quarter. Wells Fargo & Company MN raised its position in Tronox by 16.0% during the fourth quarter. Wells Fargo & Company MN now owns 78,805 shares of the company's stock valued at $794,000 after purchasing an additional 10,874 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Tronox during the fourth quarter valued at approximately $235,000. Finally, Bank of Montreal Can increased its holdings in shares of Tronox by 9.0% during the fourth quarter. Bank of Montreal Can now owns 175,366 shares of the company's stock worth $1,766,000 after buying an additional 14,437 shares in the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.

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.