Kronos Worldwide (NYSE:KRO) Stock Price Down 3.8% - What's Next?

Kronos Worldwide Inc (NYSE:KRO - Get Free Report)'s stock price fell 3.8% during trading on Friday . The company traded as low as $6.17 and last traded at $6.22. 51,919 shares traded hands during trading, a decline of 75% from the average session volume of 211,151 shares. The stock had previously closed at $6.46.

Wall Street Analyst Weigh In

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

Kronos Worldwide Stock Down 4.2%

The company has a current ratio of 2.62, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. The firm's 50 day simple moving average is $6.55 and its 200-day simple moving average is $7.72. The stock has a market capitalization of $712.10 million, a price-to-earnings ratio of 7.45 and a beta of 1.12.

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 (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). Kronos Worldwide had a net margin of 5.07% and a return on equity of 11.71%. The business had revenue of $489.80 million during the quarter, compared to analyst estimates of $466.56 million.

Kronos Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 9th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Monday, June 9th. Kronos Worldwide's dividend payout ratio (DPR) is presently 24.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners boosted its holdings in shares of Kronos Worldwide by 80.4% during the 4th quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company's stock worth $13,765,000 after buying an additional 629,387 shares during the period. Nuveen LLC acquired a new stake in Kronos Worldwide in the 1st quarter worth about $2,090,000. Luminus Management LLC acquired a new stake in Kronos Worldwide in the 4th quarter worth about $2,538,000. Segall Bryant & Hamill LLC acquired a new stake in Kronos Worldwide in the 4th quarter worth about $1,239,000. Finally, Dimensional Fund Advisors LP raised its stake in Kronos Worldwide by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company's stock worth $30,859,000 after purchasing an additional 109,674 shares in the last quarter. Institutional investors own 15.11% of the company's stock.

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.

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