Kronos Worldwide Inc (NYSE:KRO) VP Amy A. Samford Purchases 3,000 Shares

Key Points

• Amy A. Samford, VP of Kronos Worldwide Inc, purchased 3,000 shares at an average price of $4.83, raising her total holdings to 5,000 shares, a 150% increase in her position.
• Kronos Worldwide reported a loss of $0.08 per share for the last quarter, missing expectations, with revenues of $494.40 million compared to estimates of $508.47 million.
• The company announced a quarterly dividend of $0.05 per share, set to be paid on September 18th, representing an annualized yield of 4.0%.

Kronos Worldwide Inc (NYSE:KRO - Get Free Report) VP Amy A. Samford acquired 3,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were bought at an average cost of $4.83 per share, with a total value of $14,490.00. Following the completion of the acquisition, the vice president owned 5,000 shares of the company's stock, valued at approximately $24,150. This trade represents a 150.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kronos Worldwide Stock Performance

Shares of KRO stock traded up $0.13 on Monday, reaching $4.99. The stock had a trading volume of 159,391 shares, compared to its average volume of 228,284. The stock has a market cap of $574.33 million, a P/E ratio of 8.59 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.04 and a current ratio of 2.79. The company has a 50 day simple moving average of $6.18 and a 200 day simple moving average of $7.28. Kronos Worldwide Inc has a 1 year low of $4.70 and a 1 year high of $12.98.

Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The specialty chemicals company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.21). The company had revenue of $494.40 million for the quarter, compared to the consensus estimate of $508.47 million. Kronos Worldwide had a return on equity of 8.04% and a net margin of 3.57%.

Kronos Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, September 5th. This represents a $0.20 dividend on an annualized basis and a yield of 4.0%. Kronos Worldwide's dividend payout ratio is currently 34.48%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating for the company in a research report on Wednesday, May 14th. Wall Street Zen lowered Kronos Worldwide from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Barclays lowered their price objective on Kronos Worldwide from $10.00 to $7.00 and set an "underweight" rating for the company in a research report on Wednesday, May 28th.

Institutional Trading of Kronos Worldwide

Hedge funds have recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in shares of Kronos Worldwide during the 1st quarter valued at about $2,090,000. Luminus Management LLC acquired a new position in Kronos Worldwide in the fourth quarter valued at $2,538,000. Boston Partners increased its stake in shares of Kronos Worldwide by 10.7% during the second quarter. Boston Partners now owns 1,744,935 shares of the specialty chemicals company's stock worth $10,816,000 after acquiring an additional 169,039 shares during the period. Dimensional Fund Advisors LP grew its position in Kronos Worldwide by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company's stock worth $30,859,000 after buying an additional 109,674 shares during the period. Finally, AQR Capital Management LLC grew its position in Kronos Worldwide by 478.7% during the first quarter. AQR Capital Management LLC now owns 125,969 shares of the specialty chemicals company's stock worth $942,000 after buying an additional 104,202 shares during the period. Hedge funds and other institutional investors own 15.11% of the company's stock.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.

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