In yesterday’s Wall Street session, Tronox Holdings plc (NYSE:TROX) shares traded at $14.12, down -4.85% from the previous session.
TROX stock price is now 11.59% away from the 50-day moving average and 2.35% away from the 200-day moving average. The market capitalization of the company currently stands at $2.18B.
With the price target of $10, Credit Suisse recently initiated with Underperform rating for Tronox Holdings plc (NYSE: TROX).
In other news, Turgeon Jean Francois, Co-CEO and Director sold 93,942 shares of the company’s stock on Mar 07. The stock was sold for $1,457,238 at an average price of $15.51. Upon completion of the transaction, the Co-CEO and Director now directly owns 756,732 shares in the company, valued at $10.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07, Co-CEO and Director Romano John D sold 73,272 shares of the business’s stock. A total of $1,136,742 was realized by selling the stock at an average price of $15.51. This leaves the insider owning 768,911 shares of the company worth $10.86 million. Insiders disposed of 328,290 shares of company stock worth roughly $4.64 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TROX stock. A new stake in Tronox Holdings plc shares was purchased by MACKENZIE FINANCIAL CORP during the first quarter worth $28,519,000. THRIVENT FINANCIAL FOR LUTHERANS invested $8,745,000 in shares of TROX during the first quarter. In the first quarter, EA SERIES TRUST acquired a new stake in Tronox Holdings plc valued at approximately $5,399,000. APPIAN WAY ASSET MANAGEMENT LP acquired a new stake in TROX for approximately $2,574,000. WEDGE CAPITAL MANAGEMENT L L P/NC purchased a new stake in TROX valued at around $1,465,000 in the second quarter. In total, there are 308 active investors with 68.80% ownership of the company’s stock.
Thursday morning saw Tronox Holdings plc (NYSE: TROX) opened at $13.73. During the past 12 months, Tronox Holdings plc has had a low of $10.58 and a high of $17.61. As of last week, the company has a debt-to-equity ratio of 1.13, a current ratio of 2.20, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $4.85B, which is based on a 4.43 price-to-earnings ratio, a 0.33 price-to-earnings-growth ratio, and a beta of 1.94. The fifty day moving average price for TROX is $12.71 and a two-hundred day moving average price translates $13.81 for the stock.
The latest earnings results from Tronox Holdings plc (NYSE: TROX) was released for Mar, 2023. According to the Chemicals Company, earnings per share came in at $0.16, missing analysts’ expectations of $0.28 by -0.12. This compares to $0.10 EPS in the same period last year. The net profit margin was 15.80% and return on equity was 21.80% for TROX. The company reported revenue of $708.0 million for the quarter, compared to $965.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.63 percent. For the current quarter, analysts expect TROX to generate $847.55M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/16/2023. Investors who held shares on 05/15/2023 were paid a $0.125 dividend. On an annualized basis, this represents a $0.50 dividend and a 3.54% percent yield. There was an ex-dividend date of 05/12/2023 for this dividend. In terms of dividend payout ratio, TROX is presently at 15.40%.
Tronox Holdings plc(TROX) 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. The company’s products are used for the manufacture of paints, coatings, plastics, and paper, as well as various other applications. Tronox Holdings plc is based in Stamford, Connecticut.
