S&P 500 eases slightly from fresh record high after stronger economic growth
Stephen J. Jones, a director at Tronox Holdings plc (NYSE:TROX), recently purchased 30,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were acquired at a weighted average price of $7.171, with the total transaction valued at approximately $215,130. The purchase comes as the stock trades near its 52-week low of $6.64, having declined over 42% in the past six months. According to InvestingPro analysis, the stock currently offers a substantial 6.88% dividend yield.
The purchase was made on March 18, 2025, and the shares are held indirectly through the Stephen J. Jones Living Trust, of which Jones is the sole trustee. This transaction increases Jones’s total holdings to 60,588 shares in the company. Tronox Holdings, headquartered in Stamford, Connecticut, is a leading producer of industrial inorganic chemicals. Analysts maintain a positive outlook on TROX, with price targets ranging from $9 to $15. For deeper insights into insider trading patterns and comprehensive analysis, including 8 additional ProTips, visit InvestingPro.
In other recent news, Tronox Holdings plc has decided to idle its Botlek, Netherlands TiO2 plant, which has a production capacity of 90,000 metric tons per year. This strategic move comes amid a challenging operating environment and global supply imbalance. Tronox expects restructuring charges of about $130-160 million over the next 18 months, with anticipated cost savings surpassing $30 million annually from 2026. The company projects its free cash flow for 2025 to exceed $50 million. In analyst updates, Mizuho (NYSE:MFG) Securities has adjusted its price target for Tronox stock to $9 from $11, maintaining a neutral stance. This revision reflects anticipated industry conditions and the company’s financial prospects. Meanwhile, Truist Securities has initiated coverage of Tronox with a Buy rating and a price target of $17, citing the company’s strong competitive position and potential benefits from anti-dumping duties on Chinese exports. These recent developments reflect a mix of strategic decisions and varied analyst perspectives on Tronox’s future.
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