Tronox Holdings plc (NYSE:TROX) Shares Acquired by CX Institutional

CX Institutional boosted its stake in Tronox Holdings plc (NYSE:TROXGet Rating) by 115.9% during the third quarter, Holdings Channel.com reports. The fund owned 82,729 shares of the company’s stock after purchasing an additional 44,404 shares during the quarter. CX Institutional’s holdings in Tronox were worth $1,013,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Aurora Investment Counsel grew its stake in Tronox by 1.4% in the 2nd quarter. Aurora Investment Counsel now owns 57,620 shares of the company’s stock valued at $968,000 after acquiring an additional 788 shares during the period. Founders Capital Management lifted its holdings in Tronox by 69.2% in the 2nd quarter. Founders Capital Management now owns 2,200 shares of the company’s stock valued at $37,000 after purchasing an additional 900 shares in the last quarter. Heritage Investors Management Corp lifted its holdings in Tronox by 6.0% in the 2nd quarter. Heritage Investors Management Corp now owns 19,048 shares of the company’s stock valued at $320,000 after purchasing an additional 1,083 shares in the last quarter. US Bancorp DE lifted its holdings in Tronox by 117.8% in the 2nd quarter. US Bancorp DE now owns 2,176 shares of the company’s stock valued at $36,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Tronox by 6.7% in the 2nd quarter. Victory Capital Management Inc. now owns 27,938 shares of the company’s stock valued at $469,000 after purchasing an additional 1,758 shares in the last quarter. Institutional investors and hedge funds own 67.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TROX shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Tronox from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, October 3rd. BMO Capital Markets decreased their price objective on Tronox from $16.00 to $15.00 and set a “market perform” rating on the stock in a report on Tuesday, September 27th. StockNews.com started coverage on Tronox in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley reduced their price target on Tronox from $26.00 to $16.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 25th. Finally, Barclays reduced their price target on Tronox from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Tuesday, September 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.88.

Insider Activity at Tronox

In related news, SVP Jeffrey N. Neuman acquired 4,000 shares of Tronox stock in a transaction that occurred on Friday, October 28th. The shares were purchased at an average cost of $11.89 per share, for a total transaction of $47,560.00. Following the acquisition, the senior vice president now owns 193,312 shares in the company, valued at $2,298,479.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Tronox news, CFO Timothy C. Carlson bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was purchased at an average price of $11.88 per share, for a total transaction of $59,400.00. Following the completion of the purchase, the chief financial officer now directly owns 334,326 shares in the company, valued at $3,971,792.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey N. Neuman bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were acquired at an average price of $11.89 per share, with a total value of $47,560.00. Following the purchase, the senior vice president now owns 193,312 shares of the company’s stock, valued at $2,298,479.68. The disclosure for this purchase can be found here. 1.60% of the stock is owned by insiders.

Tronox Stock Up 0.1 %

Shares of TROX opened at $16.62 on Wednesday. The firm has a market cap of $2.57 billion, a P/E ratio of 4.42, a price-to-earnings-growth ratio of 2.44 and a beta of 1.80. Tronox Holdings plc has a 12-month low of $11.09 and a 12-month high of $24.43. The company’s 50-day moving average price is $14.52 and its 200 day moving average price is $14.21. The company has a current ratio of 2.35, a quick ratio of 1.00 and a debt-to-equity ratio of 1.06.

Tronox (NYSE:TROXGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.09). The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $953.30 million. Tronox had a net margin of 16.13% and a return on equity of 19.19%. On average, sell-side analysts forecast that Tronox Holdings plc will post 2.25 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Monday, November 14th were issued a $0.125 dividend. The ex-dividend date was Thursday, November 10th. This represents a $0.50 annualized dividend and a yield of 3.01%. Tronox’s dividend payout ratio (DPR) is currently 13.30%.

Tronox Company Profile

(Get Rating)

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; titanium tetrachloride; and other products.

See Also

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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