Kronos Worldwide Inc (NYSE:KRO - Get Free Report)'s share 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 trading hands. The stock had previously closed at $6.00.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of 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 cut Kronos Worldwide from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Barclays cut their price objective on Kronos Worldwide from $10.00 to $7.00 and set an "underweight" rating for the company in a report on Wednesday, May 28th.
Read Our Latest Report on Kronos Worldwide
Kronos Worldwide Trading Up 4.2%
The firm has a market capitalization of $725.10 million, a price-to-earnings ratio of 7.59 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 firm's 50 day moving average is $6.89 and its 200 day moving average is $8.14.
Kronos Worldwide (NYSE:KRO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The company had revenue of $489.80 million for the quarter, compared to analyst estimates of $466.56 million. Kronos Worldwide had a net margin of 5.07% and a return on equity of 11.71%.
Kronos Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 9th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.17%. Kronos Worldwide's dividend payout ratio (DPR) is 24.10%.
Institutional Trading of Kronos Worldwide
Hedge funds have recently bought and sold shares of the company. State of Wyoming grew its holdings in shares of Kronos Worldwide by 28.1% during the fourth quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company's stock valued at $49,000 after buying an additional 1,105 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position 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 worth $3,081,000 after purchasing an additional 1,130 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in shares of Kronos Worldwide by 144.8% during the fourth quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 1,883 shares during the period. Federated Hermes Inc. purchased a new position in Kronos Worldwide during the fourth quarter valued at approximately $25,000. Finally, Rhumbline Advisers grew its position in Kronos Worldwide by 8.7% during the fourth quarter. Rhumbline Advisers now owns 34,948 shares of the specialty chemicals company's stock valued at $341,000 after purchasing an additional 2,800 shares in the last quarter. 15.11% of the stock is owned by hedge funds and other institutional investors.
About Kronos Worldwide
(
Get Free Report)
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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