Tronox Holdings PLC (NYSE:TROX) SVP Buys $38,682.00 in Stock

Key Points

• Jeffrey A. Engle, SVP of Tronox Holdings PLC, purchased 12,600 shares at $3.07 each, totaling $38,682, increasing his ownership by 9.38%.
• Tronox reported a loss of ($0.28) EPS for the last quarter, falling short of estimates, with revenue of $731 million, which was 10.9% lower than the previous year.
• Institutional investors hold 73.36% of Tronox's stock, with several hedge funds making new acquisitions in the company's shares during the second quarter.

Tronox Holdings PLC (NYSE:TROX - Get Free Report) SVP Jeffrey A. Engle acquired 12,600 shares of Tronox stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of $3.07 per share, with a total value of $38,682.00. Following the transaction, the senior vice president owned 146,926 shares in the company, valued at $451,062.82. This represents a 9.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Tronox Stock Performance

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

Tronox (NYSE:TROX - Get Free Report) last announced its quarterly earnings results 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). Tronox had a negative return on equity of 4.74% and a negative net margin of 8.48%. The firm had revenue of $731.00 million for the quarter, compared to analysts' expectations of $802.03 million. During the same period last year, the company posted $0.07 earnings per share. The business's quarterly revenue was down 10.9% on a year-over-year basis. Equities research analysts predict that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Monday, May 19th were given a dividend of $0.125 per share. The ex-dividend date was Monday, May 19th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 15.0%. Tronox's dividend payout ratio (DPR) is -31.65%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Mizuho dropped their target price on shares of Tronox from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Morgan Stanley cut their target price on Tronox from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. The Goldman Sachs Group decreased their price target on Tronox from $11.50 to $7.50 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Barclays dropped their price target on shares of Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a report on Wednesday, May 28th. Finally, UBS Group cut their price target on Tronox from $8.50 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Tronox has a consensus rating of "Hold" and an average target price of $7.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of Tronox in the second quarter valued at about $495,000. Envestnet Asset Management Inc. acquired a new stake in shares of Tronox in the second quarter valued at approximately $395,000. Ingalls & Snyder LLC purchased a new position in Tronox during the second quarter worth approximately $91,000. Focus Partners Advisor Solutions LLC acquired a new position in Tronox during the second quarter worth $64,000. Finally, Ground Swell Capital LLC acquired a new position in Tronox during the second quarter worth $70,000. Hedge funds and other institutional investors own 73.36% of the company's stock.

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.

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