Shares of Kronos Worldwide Inc (NYSE:KRO - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $7.25 and traded as high as $7.83. Kronos Worldwide shares last traded at $7.7920, with a volume of 257,138 shares trading hands.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Kronos Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 16th. The Goldman Sachs Group reissued a "sell" rating and set a $8.00 target price on shares of Kronos Worldwide in a report on Thursday, August 13th. Zacks Research downgraded Kronos Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft raised their price target on Kronos Worldwide from $6.00 to $9.00 and gave the stock a "buy" rating in a report on Tuesday, August 25th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Kronos Worldwide in a report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $8.50.
Get Our Latest Stock Report on KRO
Kronos Worldwide Stock Performance
The company has a market capitalization of $896.86 million, a P/E ratio of -8.20 and a beta of 1.10. The company has a quick ratio of 1.55, a current ratio of 3.30 and a debt-to-equity ratio of 0.76. The company's 50-day moving average is $8.08 and its two-hundred day moving average is $7.25.
Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.06. The firm had revenue of $558.10 million during the quarter, compared to analyst estimates of $484.51 million. Kronos Worldwide had a negative return on equity of 12.28% and a negative net margin of 5.63%. Equities analysts anticipate that Kronos Worldwide Inc will post 0.35 earnings per share for the current fiscal year.
Kronos Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, September 3rd. Kronos Worldwide's dividend payout ratio is currently -21.05%.
Institutional Investors Weigh In On Kronos Worldwide
Several institutional investors and hedge funds have recently modified their holdings of KRO. BlackRock Inc. bought a new stake in shares of Kronos Worldwide during the 2nd quarter valued at $10,886,000. Bank of New York Mellon Corp raised its stake in Kronos Worldwide by 4.6% during the first quarter. Bank of New York Mellon Corp now owns 804,588 shares of the specialty chemicals company's stock valued at $5,286,000 after buying an additional 35,224 shares during the last quarter. Bank of America Corp DE bought a new stake in Kronos Worldwide in the second quarter worth $2,742,000. PDT Partners LLC bought a new stake in Kronos Worldwide in the second quarter worth $1,336,000. Finally, Monaco Asset Management SAM purchased a new stake in shares of Kronos Worldwide in the second quarter worth $964,000. 15.11% of the stock is owned by hedge funds and other institutional investors.
Kronos Worldwide Company Profile
(
Get Free Report)
Kronos Worldwide, Inc NYSE: KRO is a global producer and marketer of titanium dioxide (TiO2) pigments. Its products are sold primarily under the KRONOS brand and are used to provide whiteness, opacity, brightness and protection in paints and coatings, plastics, paper and other manufactured products.
The company also produces certain specialty chemicals, including iron-based products and related inorganic chemicals. Kronos serves industrial customers through manufacturing and distribution operations in North America and Europe, with products marketed to customers in markets around the world.
Kronos Worldwide traces its roots to the early development of commercial titanium dioxide production and is part of the Valhi, Inc corporate family.
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