Key Points
- Insider Jonathan Flood sold 8,008 shares on March 6 at $6.58 for $52,692.64 (and 7,000 shares on March 5 at $7.55), leaving him with 92,861 shares — a 7.94% reduction in his stake.
- Several other insiders also sold sizable positions this week, including CEO John D. Romano (101,600 shares, ~ $669,544) and multiple SVPs/directors, signaling broad insider selling activity.
- Tronox posted an EPS miss of ($0.60) vs. ($0.43) expected on roughly $730M revenue, and announced a $0.05 quarterly dividend (annualized $0.20, ~2.9% yield).
Tronox Holdings PLC (NYSE:TROX - Get Free Report) insider Jonathan Flood sold 8,008 shares of Tronox stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.58, for a total value of $52,692.64. Following the completion of the transaction, the insider owned 92,861 shares of the company's stock, valued at $611,025.38. This trade represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Jonathan Flood also recently made the following trade(s):
- On Thursday, March 5th, Jonathan Flood sold 7,000 shares of Tronox stock. The shares were sold at an average price of $7.55, for a total value of $52,850.00.
Tronox Trading Up 5.0%
Shares of NYSE TROX opened at $6.87 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 2.16. The stock's 50 day moving average price is $6.47 and its two-hundred day moving average price is $4.87. Tronox Holdings PLC has a 52-week low of $2.86 and a 52-week high of $8.80. The stock has a market capitalization of $1.09 billion, a P/E ratio of -2.31 and a beta of 1.11.
Tronox (NYSE:TROX - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.17). Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The firm had revenue of $730.00 million during the quarter, compared to analyst estimates of $730.22 million. During the same quarter in the previous year, the business posted $0.03 EPS. Tronox's revenue was up 8.0% compared to the same quarter last year. On average, analysts anticipate that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.
Tronox Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, February 23rd. This represents a $0.20 annualized dividend and a yield of 2.9%. Tronox's dividend payout ratio (DPR) is -6.73%.
Hedge Funds Weigh In On Tronox
Several hedge funds and other institutional investors have recently modified their holdings of the company. Alpine Global Management LLC increased its holdings in shares of Tronox by 897.4% in the 4th quarter. Alpine Global Management LLC now owns 21,531 shares of the company's stock worth $90,000 after acquiring an additional 24,231 shares during the period. Invesco Ltd. grew its position in Tronox by 34.1% in the 4th quarter. Invesco Ltd. now owns 264,873 shares of the company's stock worth $1,105,000 after purchasing an additional 67,412 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Tronox in the fourth quarter valued at approximately $77,000. Empowered Funds LLC raised its holdings in shares of Tronox by 10.9% during the fourth quarter. Empowered Funds LLC now owns 607,939 shares of the company's stock valued at $2,535,000 after buying an additional 59,648 shares during the last quarter. Finally, Susquehanna Portfolio Strategies LLC boosted its position in shares of Tronox by 5.3% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 583,272 shares of the company's stock worth $2,432,000 after buying an additional 29,308 shares during the period. Institutional investors and hedge funds own 73.36% of the company's stock.
Analyst Ratings Changes
Several analysts have weighed in on TROX shares. The Goldman Sachs Group boosted their target price on shares of Tronox from $5.50 to $7.50 and gave the company a "buy" rating in a research note on Thursday, January 29th. UBS Group lifted their price target on shares of Tronox from $5.25 to $7.50 and gave the company a "neutral" rating in a report on Thursday, February 26th. Truist Financial boosted their price objective on shares of Tronox from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $8.00 price objective on shares of Tronox in a research note on Tuesday, January 27th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Tronox in a report on Friday, February 20th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.35.
View Our Latest Stock Analysis on Tronox
Trending Headlines about Tronox
Here are the key news stories impacting Tronox this week:
- Negative Sentiment: CEO John D. Romano sold 101,600 shares at an average price of $6.59 (proceeds ~$669,544), reducing his stake by ~6.45%. SEC Filing
- Negative Sentiment: SVP Jeffrey N. Neuman sold 22,965 shares at ~$6.59 (~$151,339), a ~8.45% reduction in his holdings. SEC Filing
- Negative Sentiment: Director Jean Francois Turgeon sold 18,563 shares at $6.60 (~$122,516), trimming his stake by ~2.40%. SEC Filing
- Negative Sentiment: SVP Jeffrey A. Engle sold 14,575 shares at $6.60 (~$96,195), a ~7.68% reduction in his position. SEC Filing
- Negative Sentiment: Insider Jonathan Flood sold two tranches: 7,000 shares on Mar 5 at $7.55 (~$52,850) and 8,008 shares on Mar 6 at $6.58 (~$52,693), reducing his stake by ~7.94% overall. SEC Filing
Tronox Company Profile
(
Get Free Report)
Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company's operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox's product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.
Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.
Further Reading
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