Tronox (NYSE:TROX) Director Buys $52,600.00 in Stock

Tronox Holdings PLC (NYSE:TROX) Director Peter Johnston purchased 20,000 shares of Tronox stock in a transaction dated Monday, November 9th. The stock was bought at an average cost of $2.63 per share, with a total value of $52,600.00. Following the completion of the purchase, the director owned 224,461 shares in the company, valued at approximately $590,332.43. This trade represents a 9.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Tronox Price Performance

Shares of NYSE:TROX opened at $2.62 on Friday. The stock has a market cap of $418.09 million, a price-to-earnings ratio of -0.83 and a beta of 0.98. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.52 and a quick ratio of 0.81. Tronox Holdings PLC has a 12 month low of $2.41 and a 12 month high of $10.59. The stock’s 50 day moving average price is $3.76 and its 200 day moving average price is $6.47.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.13). Tronox had a negative net margin of 15.86% and a negative return on equity of 25.02%. The firm had revenue of $827.00 million during the quarter, compared to analyst estimates of $854.43 million. During the same quarter last year, the company earned ($0.46) EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities research analysts anticipate that Tronox Holdings PLC will post -1.68 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, November 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.20 annualized dividend and a dividend yield of 7.6%. Tronox’s dividend payout ratio is currently -6.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TROX shares. UBS Group cut their target price on Tronox from $4.50 to $2.75 and set a “neutral” rating on the stock in a research report on Wednesday. The Goldman Sachs Group decreased their price objective on shares of Tronox from $6.50 to $4.00 and set a “sell” rating for the company in a research note on Friday, October 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tronox in a research report on Wednesday, November 4th. Zacks Research cut Tronox from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Finally, JPMorgan Chase & Co. raised Tronox from an “underweight” rating to a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $5.04.

Institutional Investors Weigh In On Tronox

Several institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in shares of Tronox during the 3rd quarter valued at $30,000. Vontobel Holding Ltd. bought a new position in shares of Tronox in the 3rd quarter valued at approximately $43,000. Ieq Capital LLC acquired a new stake in Tronox in the 3rd quarter worth approximately $52,000. Vise Technologies Inc. boosted its position in Tronox by 33.0% during the third quarter. Vise Technologies Inc. now owns 19,981 shares of the company’s stock worth $79,000 after purchasing an additional 4,958 shares during the period. Finally, Inscription Capital LLC lifted its stake in shares of Tronox by 98.8% in the third quarter. Inscription Capital LLC now owns 20,317 shares of the company’s stock worth $80,000 after buying an additional 10,098 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.

About Tronox

Tronox Holdings plc is a vertically integrated producer of titanium dioxide (TiO?) pigment and mineral-sands products. Its operations span the value chain from mining titanium-bearing mineral sands to processing them into feedstocks and finished products. The company’s products include TiO? pigment, used to add whiteness, brightness and opacity to paints, coatings, plastics and other materials. Tronox also produces titanium feedstocks such as chloride-grade slag and synthetic rutile, as well as zircon, which is used in ceramics and other applications.