Kronos Worldwide (NYSE:KRO) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Kronos Worldwide shares climbed above their 200-day moving average, reaching $8.58 before trading near $8.46, compared with a 200-day average of $6.96.
• Analyst sentiment remains mixed to negative: the consensus rating is “Reduce” with an $8.50 target price, despite Deutsche Bank raising its target to $9.00 and assigning a Buy rating.
• The company exceeded quarterly earnings and revenue estimates, reporting $0.13 EPS and $558.1 million in revenue, while maintaining a quarterly dividend of $0.05 per share, equivalent to a 2.4% annual yield.

Kronos Worldwide Inc (NYSE:KRO - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.96 and traded as high as $8.58. Kronos Worldwide shares last traded at $8.4580, with a volume of 270,023 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kronos Worldwide from $6.00 to $9.00 and gave the company a "buy" rating in a report on Tuesday, August 25th. Weiss Ratings upgraded shares of 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 note on Friday, August 14th. The Goldman Sachs Group restated a "sell" rating and issued a $8.00 target price on shares of Kronos Worldwide in a report on Thursday, August 13th. Finally, Wall Street Zen raised Kronos Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 16th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Kronos Worldwide has an average rating of "Reduce" and a consensus target price of $8.50.

Kronos Worldwide Stock Down 1.4%

The company has a market cap of $973.50 million, a price-to-earnings ratio of -8.90 and a beta of 1.08. The company has a current ratio of 3.30, a quick ratio of 1.55 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average price of $7.79 and a two-hundred day moving average price of $6.96.

Kronos Worldwide (NYSE:KRO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.06. Kronos Worldwide had a negative net margin of 5.63% and a negative return on equity of 12.28%. The business had revenue of $558.10 million during the quarter, compared to analyst estimates of $484.51 million. On average, equities analysts predict that Kronos Worldwide Inc will post 0.35 earnings per share for the current year.

Kronos Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a $0.05 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 2.4%. Kronos Worldwide's dividend payout ratio is presently -21.05%.

Institutional Investors Weigh In On Kronos Worldwide

A number of institutional investors have recently modified their holdings of KRO. Group One Trading LLC purchased a new position in Kronos Worldwide in the second quarter valued at about $41,000. Wealthspire Retirement LLC purchased a new stake in shares of Kronos Worldwide during the 1st quarter worth about $66,000. IMC Chicago LLC purchased a new stake in shares of Kronos Worldwide during the 2nd quarter worth about $65,000. Algert Global LLC lifted its holdings in shares of Kronos Worldwide by 87.9% during the 2nd quarter. Algert Global LLC now owns 22,150 shares of the specialty chemicals company's stock valued at $140,000 after buying an additional 10,360 shares during the last quarter. Finally, Abel Hall LLC acquired a new stake in shares of Kronos Worldwide during the 1st quarter valued at about $80,000. Institutional investors and hedge funds own 15.11% of the company's stock.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc NYSE: KRO is a global producer and marketer of titanium dioxide (TiO₂) pigments. Its products are used to provide whiteness, opacity, brightness and durability in a broad range of applications, including paints and coatings, plastics, paper, printing inks and other specialty products.

The company also produces titanium chemicals and coproducts, including iron salts and other materials generated through its manufacturing processes. Kronos sells its products primarily to industrial customers and serves markets in North America, Europe and other international regions.

Kronos Worldwide traces its operating history to the early 20th century and is headquartered in Dallas, Texas.

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