Kronos Worldwide, Inc. (NYSE:KRO - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $6.13 and last traded at $6.62, with a volume of 105502 shares changing hands. The stock had previously closed at $6.24.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on KRO shares. Wall Street Zen lowered shares of Kronos Worldwide from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Barclays reduced their target price on shares of Kronos Worldwide from $10.00 to $7.00 and set an "underweight" rating for the company in a research note on Wednesday, May 28th. Finally, The Goldman Sachs Group reduced their target price on shares of Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating for the company in a research note on Wednesday, May 14th.
Check Out Our Latest Analysis on KRO
Kronos Worldwide Price Performance
The firm's 50 day moving average price is $7.04 and its two-hundred day moving average price is $8.60. The stock has a market cap of $754.64 million, a PE ratio of 8.10 and a beta of 1.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30.
Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $489.80 million for the quarter, compared to analysts' expectations of $466.56 million. Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%.
Kronos Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 9th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.20 annualized dividend and a yield of 3.05%. Kronos Worldwide's dividend payout ratio is currently 24.10%.
Insider Activity at Kronos Worldwide
In related news, Director Kevin B. Kramer bought 14,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $7.43 per share, for a total transaction of $104,020.00. Following the completion of the transaction, the director now directly owns 21,460 shares in the company, valued at $159,447.80. This trade represents a 187.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Kronos Worldwide
Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted 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 valued at $30,859,000 after purchasing an additional 109,674 shares during the last quarter. Vanguard Group Inc. lifted its position in Kronos Worldwide by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,217,961 shares of the specialty chemicals company's stock valued at $21,625,000 after purchasing an additional 13,869 shares during the last quarter. Boston Partners lifted its position in Kronos Worldwide by 11.6% during the first quarter. Boston Partners now owns 1,575,896 shares of the specialty chemicals company's stock valued at $11,787,000 after purchasing an additional 163,790 shares during the last quarter. Renaissance Technologies LLC lifted its holdings 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 worth $7,159,000 after acquiring an additional 31,830 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Kronos Worldwide by 2.1% in the 4th quarter. First Eagle Investment Management LLC now owns 489,177 shares of the specialty chemicals company's stock worth $4,769,000 after acquiring an additional 10,000 shares during the last quarter. 15.11% of the stock is currently owned by institutional investors.
Kronos Worldwide Company Profile
(
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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