Amy A. Samford Buys 3,000 Shares of Kronos Worldwide Inc (NYSE:KRO) Stock

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 purchased 3,000 shares of the stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of $4.83 per share, with a total value of $14,490.00. Following the transaction, the vice president owned 5,000 shares of the company's stock, valued at $24,150. This trade represents a 150.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Kronos Worldwide Stock Performance

Shares of Kronos Worldwide stock traded down $0.14 on Friday, reaching $6.02. 523,788 shares of the company were exchanged, compared to its average volume of 417,210. 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's 50-day moving average is $6.11 and its two-hundred day moving average is $7.17. The firm has a market cap of $692.60 million, a price-to-earnings ratio of 10.38 and a beta of 1.09. 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 announced its quarterly earnings results on Wednesday, August 6th. The specialty chemicals company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.21). Kronos Worldwide had a return on equity of 8.04% and a net margin of 3.57%. The company had revenue of $494.40 million for the quarter, compared to analyst estimates of $508.47 million.

Kronos Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, September 5th. Kronos Worldwide's dividend payout ratio (DPR) is currently 34.48%.

Institutional Trading of Kronos Worldwide

Several large investors have recently added to or reduced their stakes in KRO. State of Wyoming boosted its stake in Kronos Worldwide by 28.1% during the 4th quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company's stock valued at $49,000 after purchasing an additional 1,105 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Kronos Worldwide by 0.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 315,992 shares of the specialty chemicals company's stock valued at $3,081,000 after purchasing an additional 1,130 shares in the last quarter. Aquatic Capital Management LLC lifted its holdings in shares of Kronos Worldwide by 144.8% in the fourth quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company's stock valued at $31,000 after purchasing an additional 1,883 shares in the last quarter. PDT Partners LLC raised its holdings in shares of Kronos Worldwide by 5.0% during the second quarter. PDT Partners LLC now owns 52,743 shares of the specialty chemicals company's stock worth $327,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of Kronos Worldwide during the fourth quarter worth $25,000. 15.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded Kronos Worldwide from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Barclays cut their price target on Kronos Worldwide from $10.00 to $7.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 28th. Finally, The Goldman Sachs Group cut their price objective on Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating on the stock in a research note on Wednesday, May 14th.

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.