Kronos Worldwide (NYSE:KRO) Reaches New 12-Month Low - What's Next?

Kronos Worldwide Inc (NYSE:KRO - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.90 and last traded at $6.07, with a volume of 22233 shares. The stock had previously closed at $6.00.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KRO shares. The Goldman Sachs Group dropped their target price on Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating for the company in a report on Wednesday, May 14th. Wall Street Zen lowered shares of Kronos Worldwide from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Barclays decreased their price target on Kronos Worldwide from $10.00 to $7.00 and set an "underweight" rating on the stock in a report on Wednesday, May 28th.

Kronos Worldwide Stock Performance

The stock has a market cap of $729.01 million, a price-to-earnings ratio of 7.63 and a beta of 1.14. The company has a quick ratio of 0.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The stock's fifty day moving average is $6.86 and its 200-day moving average is $8.11.

Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Monday, June 9th. Kronos Worldwide's payout ratio is 24.10%.

Institutional Trading of Kronos Worldwide

A number of institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its stake in Kronos Worldwide by 21.3% in the first quarter. Rhumbline Advisers now owns 42,377 shares of the specialty chemicals company's stock valued at $317,000 after purchasing an additional 7,429 shares in the last quarter. Jane Street Group LLC lifted its holdings in Kronos Worldwide by 20.3% during the 1st quarter. Jane Street Group LLC now owns 24,368 shares of the specialty chemicals company's stock worth $182,000 after purchasing an additional 4,104 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Kronos Worldwide by 11.1% in the first quarter. Goldman Sachs Group Inc. now owns 220,663 shares of the specialty chemicals company's stock valued at $1,651,000 after acquiring an additional 22,046 shares during the period. Petrus Trust Company LTA bought a new stake in Kronos Worldwide in the 1st quarter valued at about $363,000. 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 in the last quarter. Institutional investors 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.