Kronos Worldwide (NYSE:KRO) Sets New 52-Week High - Here's What Happened

Key Points

• Kronos Worldwide shares reached a new 52-week high of $9.17, trading above their previous close of $8.71. The stock’s 50-day and 200-day moving averages were $6.89 and $6.60, respectively.
• Quarterly results exceeded expectations, with earnings per share of $0.13 versus the $0.07 consensus estimate and revenue of $558.1 million versus $484.51 million expected. Analysts nevertheless maintain a consensus “Reduce” rating with an average price target of $8.00.
• Kronos declared a quarterly dividend of $0.05 per share, equating to an annualized dividend of $0.20 and a 2.3% yield; the dividend is payable September 17 to shareholders of record September 3.

Kronos Worldwide Inc (NYSE:KRO - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $9.17 and last traded at $8.7590, with a volume of 54687 shares trading hands. The stock had previously closed at $8.71.

Analyst Ratings Changes

KRO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Kronos Worldwide in a report on Tuesday. Weiss Ratings upgraded Kronos Worldwide from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, July 10th. Zacks Research downgraded shares of Kronos Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. The Goldman Sachs Group reissued a "sell" rating and issued a $8.00 price objective on shares of Kronos Worldwide in a report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Kronos Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $8.00.

Kronos Worldwide Stock Performance

The firm's fifty day simple moving average is $6.89 and its 200 day simple moving average is $6.60. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.30 and a quick ratio of 1.55. The company has a market capitalization of $999.99 million, a price-to-earnings ratio of -9.16 and a beta of 1.01.

Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.06. The company had revenue of $558.10 million for the quarter, compared to the consensus estimate of $484.51 million. Kronos Worldwide had a negative return on equity of 12.28% and a negative net margin of 5.63%. On average, sell-side analysts forecast that Kronos Worldwide Inc will post -0.33 EPS for the current year.

Kronos Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.3%. Kronos Worldwide's payout ratio is -21.05%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Group One Trading LLC acquired a new stake in Kronos Worldwide in the 2nd quarter valued at $41,000. Raymond James Financial Inc. acquired a new position in Kronos Worldwide during the second quarter worth $42,000. Jain Global LLC acquired a new position in Kronos Worldwide during the fourth quarter worth $46,000. Pilgrim Partners Asia Pte Ltd lifted its holdings in shares of Kronos Worldwide by 68.1% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 11,600 shares of the specialty chemicals company's stock valued at $51,000 after acquiring an additional 4,700 shares during the period. Finally, Susquehanna Portfolio Strategies LLC bought a new position in shares of Kronos Worldwide during the fourth quarter valued at $53,000. 15.11% of the stock is currently owned by institutional investors and hedge funds.

About Kronos Worldwide

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO₂) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO₂ offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.

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