Posted by admin on Jun 21st, 2022
Shares of Kronos Worldwide, Inc. (NYSE:KRO – Get Rating) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.67 and traded as high as $18.47. Kronos Worldwide shares last traded at $17.95, with a volume of 10,377 shares trading hands.
A number of analysts have recently commented on KRO shares. StockNews.com started coverage on Kronos Worldwide in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Kronos Worldwide from $18.00 to $20.00 in a research note on Thursday, May 19th.
The stock has a 50 day moving average price of $17.11 and a 200 day moving average price of $15.67. The company has a quick ratio of 2.90, a current ratio of 4.55 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.70 and a beta of 1.11.
Kronos Worldwide (NYSE:KRO – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The specialty chemicals company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.22. The company had revenue of $562.90 million for the quarter, compared to analyst estimates of $504.02 million. Kronos Worldwide had a return on equity of 17.65% and a net margin of 7.40%. Sell-side analysts forecast that Kronos Worldwide, Inc. will post 2.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Monday, June 6th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Friday, June 3rd. Kronos Worldwide’s dividend payout ratio is currently 58.02%.
In related news, major shareholder Corp Contran sold 5,900 shares of Kronos Worldwide stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $21.94, for a total value of $129,446.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.12% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. Denali Advisors LLC increased its holdings in Kronos Worldwide by 10.2% in the fourth quarter. Denali Advisors LLC now owns 205,819 shares of the specialty chemicals company’s stock worth $3,089,000 after purchasing an additional 19,100 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Kronos Worldwide during the fourth quarter valued at approximately $344,000. Quadrant Capital Group LLC increased its holdings in shares of Kronos Worldwide by 108.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,750 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 911 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Kronos Worldwide by 2.5% during the fourth quarter. Advisors Asset Management Inc. now owns 894,527 shares of the specialty chemicals company’s stock valued at $13,427,000 after acquiring an additional 22,203 shares in the last quarter. Finally, Credit Suisse AG increased its holdings in shares of Kronos Worldwide by 3.9% during the third quarter. Credit Suisse AG now owns 46,216 shares of the specialty chemicals company’s stock valued at $573,000 after acquiring an additional 1,723 shares in the last quarter. Institutional investors and hedge funds own 14.82% of the company’s stock.
Kronos Worldwide Company Profile (NYSE:KRO)
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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