Shares of Kronos Worldwide Inc (NYSE:KRO - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.73 and traded as high as $8.86. Kronos Worldwide shares last traded at $8.43, with a volume of 259,729 shares traded.
Analyst Ratings Changes
KRO has been the subject of a number of recent research reports. Zacks Research cut shares of Kronos Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. Weiss Ratings raised shares of Kronos Worldwide from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kronos Worldwide from $6.00 to $9.00 and gave the stock a "buy" rating in a research note on Tuesday, August 25th. 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 upgraded shares of Kronos Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 16th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $8.50.
Read Our Latest Stock Report on KRO
Kronos Worldwide Trading Down 3.5%
The stock has a market capitalization of $970.29 million, a P/E ratio of -8.87 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 50-day moving average price of $7.20 and a two-hundred day moving average price of $6.73.
Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.06. The company had revenue of $558.10 million for the quarter, compared to analysts' expectations 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, analysts expect that Kronos Worldwide Inc will post 0.35 EPS for the current fiscal year.
Kronos Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 3rd. Kronos Worldwide's dividend payout ratio (DPR) is currently -21.05%.
Hedge Funds Weigh In On Kronos Worldwide
Hedge funds and other institutional investors have recently made changes to their positions in the company. Group One Trading LLC acquired a new stake in shares of Kronos Worldwide during the 2nd quarter worth approximately $41,000. Raymond James Financial Inc. acquired a new position in Kronos Worldwide during the second quarter valued at approximately $42,000. Jain Global LLC acquired a new position in Kronos Worldwide during the fourth quarter valued at approximately $46,000. Susquehanna Portfolio Strategies LLC bought a new stake in Kronos Worldwide during the fourth quarter worth $53,000. Finally, Alpine Global Management LLC bought a new stake in Kronos Worldwide during the fourth quarter worth $54,000. 15.11% of the stock is currently owned by institutional investors and hedge funds.
Kronos Worldwide Company Profile
(
Get Free Report)
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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