Kronos Worldwide (NYSE:KRO) Hits New 52-Week Low - Time to Sell?

Kronos Worldwide Inc (NYSE:KRO - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.05 and last traded at $6.08, with a volume of 86236 shares changing hands. The stock had previously closed at $6.21.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Kronos Worldwide from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. The Goldman Sachs Group reduced their price target on Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating on the stock in a research report on Wednesday, May 14th. Finally, Barclays lowered their price objective 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.

Kronos Worldwide Price Performance

The firm has a market cap of $690.93 million, a P/E ratio of 7.24 and a beta of 1.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 0.99. The company's 50-day moving average is $6.91 and its two-hundred day moving average is $8.19.

Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The firm had revenue of $489.80 million for the quarter, compared to the consensus estimate of $466.56 million. Kronos Worldwide had a return on equity of 11.71% and a net margin of 5.07%.

Kronos Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Monday, June 9th. Kronos Worldwide's dividend payout ratio is presently 24.10%.

Hedge Funds Weigh In On Kronos Worldwide

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Kronos Worldwide by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company's stock valued at $30,859,000 after buying an additional 109,674 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kronos Worldwide by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,217,961 shares of the specialty chemicals company's stock worth $21,625,000 after acquiring an additional 13,869 shares during the last quarter. Boston Partners lifted its holdings in shares of Kronos Worldwide by 11.6% in the first quarter. Boston Partners now owns 1,575,896 shares of the specialty chemicals company's stock worth $11,787,000 after acquiring an additional 163,790 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Kronos Worldwide by 4.5% in the 4th quarter. Renaissance Technologies LLC now owns 734,230 shares of the specialty chemicals company's stock valued at $7,159,000 after purchasing an additional 31,830 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Kronos Worldwide by 2.1% during the 4th quarter. First Eagle Investment Management LLC now owns 489,177 shares of the specialty chemicals company's stock valued at $4,769,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 15.11% of the company's stock.

Kronos Worldwide Company Profile

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.