Voya Investment Management LLC Boosts Stock Position in Tronox Holdings PLC $TROX

Voya Investment Management LLC raised its stake in shares of Tronox Holdings PLC (NYSE:TROX) by 46.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 466,356 shares of the company’s stock after acquiring an additional 148,913 shares during the period. Voya Investment Management LLC owned approximately 0.29% of Tronox worth $3,283,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Tronox by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,532 shares of the company’s stock worth $680,000 after buying an additional 2,201 shares during the period. Investors Research Corp grew its stake in Tronox by 16.4% in the first quarter. Investors Research Corp now owns 16,300 shares of the company’s stock worth $115,000 after purchasing an additional 2,300 shares in the last quarter. SG Americas Securities LLC boosted its stake in Tronox by 6.2% in the first quarter. SG Americas Securities LLC now owns 42,677 shares of the company’s stock valued at $300,000 after acquiring an additional 2,482 shares during the period. Boston Partners boosted its position in shares of Tronox by 3.2% during the first quarter. Boston Partners now owns 111,279 shares of the company’s stock worth $783,000 after buying an additional 3,423 shares during the period. Finally, Invesco Ltd. raised its holdings in Tronox by 3.9% during the first quarter. Invesco Ltd. now owns 120,486 shares of the company’s stock worth $848,000 after purchasing an additional 4,498 shares in the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tronox

In other Tronox news, CEO John D. Romano acquired 100,000 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $3.09 per share, with a total value of $309,000.00. Following the purchase, the chief executive officer owned 1,333,485 shares of the company’s stock, valued at approximately $4,120,468.65. This trade represents a 8.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter Johnston bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average cost of $3.21 per share, for a total transaction of $64,200.00. Following the completion of the purchase, the director owned 191,513 shares of the company’s stock, valued at $614,756.73. This trade represents a 11.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 184,750 shares of company stock valued at $579,714 over the last quarter. Company insiders own 1.70% of the company’s stock.

Tronox Trading Down 4.2%

Shares of NYSE TROX opened at $4.85 on Friday. The firm has a 50 day moving average price of $4.46 and a two-hundred day moving average price of $5.33. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10. Tronox Holdings PLC has a 52-week low of $2.95 and a 52-week high of $15.07. The stock has a market cap of $768.82 million, a P/E ratio of -3.07 and a beta of 1.32.

Tronox (NYSE:TROX) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.24). The business had revenue of $731.00 million during the quarter, compared to the consensus estimate of $802.03 million. Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period last year, the business posted $0.07 earnings per share. Tronox has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Monday, August 11th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, August 11th. Tronox’s dividend payout ratio (DPR) is -12.66%.

Analysts Set New Price Targets

Several equities analysts have weighed in on TROX shares. JPMorgan Chase & Co. upgraded shares of Tronox from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $5.00 to $7.00 in a research report on Friday, May 30th. Morgan Stanley cut their price objective on shares of Tronox from $8.00 to $4.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. UBS Group lowered shares of Tronox from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $8.00 to $3.60 in a research report on Monday, August 4th. Alembic Global Advisors reaffirmed an “overweight” rating and set a $6.00 price objective on shares of Tronox in a report on Monday. Finally, BMO Capital Markets cut shares of Tronox from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $7.00 to $3.00 in a research note on Monday, June 30th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Tronox presently has a consensus rating of “Hold” and an average target price of $5.12.

Tronox 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.