Tronox Holdings PLC (NYSE:TROX) Director Stephen J. Jones Buys 8,000 Shares

Key Points

• Director Stephen J. Jones of Tronox Holdings PLC purchased 8,000 shares at an average price of $3.19, increasing his total holdings to 51,000 shares.
• In its latest earnings report, Tronox posted a loss of ($0.28) per share, significantly missing analysts' expectations, while revenue fell 10.9% year-over-year.
• Tronox announced a dividend of $0.05 per share, despite a negative payout ratio of -12.66%, with an upcoming payment scheduled for October 3rd.

Tronox Holdings PLC (NYSE:TROX - Get Free Report) Director Stephen J. Jones bought 8,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $3.19 per share, with a total value of $25,520.00. Following the purchase, the director owned 51,000 shares in the company, valued at $162,690. The trade was a 18.60% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Tronox Stock Performance

Tronox stock traded up $0.01 during trading on Thursday, reaching $3.24. The company had a trading volume of 4,434,274 shares, compared to its average volume of 2,890,510. 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 firm's 50-day simple moving average is $5.33 and its 200 day simple moving average is $6.42. The firm has a market capitalization of $512.62 million, a price-to-earnings ratio of -2.05 and a beta of 1.35. Tronox Holdings PLC has a 52 week low of $2.95 and a 52 week 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 firm had revenue of $731.00 million for the quarter, compared to analysts' expectations of $802.03 million. Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. 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 earned $0.07 EPS. Sell-side analysts forecast that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Cuts Dividend

The firm also recently announced 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 dividend yield of 629.0%. The ex-dividend date is Monday, August 11th. Tronox's payout ratio is -12.66%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 193,895 shares during the period. Capital International Investors boosted its position in shares of Tronox by 14.8% during the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company's stock valued at $61,034,000 after buying an additional 781,223 shares during the period. Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Tronox by 2.5% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,868,837 shares of the company's stock valued at $20,197,000 after buying an additional 69,726 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 valued at $19,941,000 after buying an additional 375,643 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Tronox during the first quarter valued at approximately $17,268,000. Hedge funds and other institutional investors own 73.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial set a $5.00 target price on Tronox in a research note on Monday. JPMorgan Chase & Co. upgraded Tronox from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $5.00 to $7.00 in a report on Friday, May 30th. BMO Capital Markets downgraded Tronox from a "market perform" rating to an "underperform" rating and reduced their target price for the stock from $7.00 to $3.00 in a report on Monday, June 30th. Wall Street Zen downgraded Tronox from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Finally, UBS Group downgraded Tronox from a "buy" rating to a "neutral" rating and cut their target price for the company from $8.00 to $3.60 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $5.01.

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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