Tronox Holdings PLC (NYSE:TROX) Director Purchases $25,520.00 in Stock

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 acquired 8,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average price of $3.19 per share, with a total value of $25,520.00. Following the completion of the transaction, the director owned 51,000 shares of the company's stock, valued at $162,690. The trade was a 18.60% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Tronox Stock Up 1.5%

Shares of Tronox stock traded up $0.05 during trading on Monday, hitting $3.14. 341,423 shares of the stock traded hands, compared to its average volume of 2,885,500. The company has a fifty day moving average price of $5.25 and a two-hundred day moving average price of $6.27. Tronox Holdings PLC has a twelve month low of $2.95 and a twelve month high of $15.07. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10. The stock has a market cap of $496.96 million, a P/E ratio of -1.98 and a beta of 1.35.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $731.00 million for 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 4.83%. The business's revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Equities research analysts predict that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Cuts Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group cut their target price on shares of Tronox from $7.00 to $4.50 and set a "buy" rating on the stock in a report on Thursday. UBS Group cut shares of Tronox from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $8.00 to $3.60 in a research note on Monday, August 4th. Alembic Global Advisors reiterated an "overweight" rating and issued a $5.00 price objective on shares of Tronox in a research report on Monday. Morgan Stanley reduced their target price on shares of Tronox from $8.00 to $4.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Tronox from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Tronox presently has an average rating of "Hold" and an average target price of $5.01.

Institutional Investors Weigh In On Tronox

Large investors have recently modified their holdings of the business. Stifel Financial Corp increased its stake in shares of Tronox by 1.9% in the 4th quarter. Stifel Financial Corp now owns 101,264 shares of the company's stock valued at $1,020,000 after purchasing an additional 1,891 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Tronox by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,532 shares of the company's stock valued at $680,000 after buying an additional 2,201 shares during the last quarter. Investors Research Corp grew its position in shares of Tronox by 16.4% in the 1st quarter. Investors Research Corp now owns 16,300 shares of the company's stock valued at $115,000 after buying an additional 2,300 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Tronox by 6.2% in the 1st quarter. SG Americas Securities LLC now owns 42,677 shares of the company's stock valued at $300,000 after buying an additional 2,482 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Tronox by 48.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company's stock valued at $50,000 after purchasing an additional 3,231 shares during the period. 73.36% of the stock is currently owned by institutional investors.

About Tronox

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.