Posted by admin on Aug 7th, 2022

Victory Capital Management Inc. boosted its position in shares of Kronos Worldwide, Inc. (NYSE:KRO – Get Rating) by 49.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 791,371 shares of the specialty chemicals company’s stock after acquiring an additional 260,189 shares during the period. Victory Capital Management Inc. owned 0.69% of Kronos Worldwide worth $12,045,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in 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. Denali Advisors LLC grew its stake in Kronos Worldwide by 18.4% in the 1st quarter. Denali Advisors LLC now owns 243,719 shares of the specialty chemicals company’s stock worth $3,783,000 after buying an additional 37,900 shares in the last quarter. First Trust Advisors LP grew its stake in Kronos Worldwide by 12.4% in the 4th quarter. First Trust Advisors LP now owns 196,879 shares of the specialty chemicals company’s stock worth $2,955,000 after buying an additional 21,797 shares in the last quarter. Cozad Asset Management Inc. grew its stake in Kronos Worldwide by 10.7% in the 1st quarter. Cozad Asset Management Inc. now owns 107,389 shares of the specialty chemicals company’s stock worth $1,667,000 after buying an additional 10,379 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Kronos Worldwide in the 1st quarter worth approximately $1,576,000. Hedge funds and other institutional investors own 14.82% of the company’s stock.

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kronos Worldwide from $18.00 to $20.00 in a research note on Thursday, May 19th.

KRO stock opened at $16.30 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.43 and a quick ratio of 2.90. Kronos Worldwide, Inc. has a one year low of $12.06 and a one year high of $19.78. The stock has a market cap of $1.88 billion, a PE ratio of 10.94 and a beta of 0.97. The firm has a 50 day simple moving average of $17.95 and a two-hundred day simple moving average of $16.28.

Kronos Worldwide (NYSE:KRO – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The specialty chemicals company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.22. The firm had revenue of $562.90 million during the quarter, compared to analyst estimates of $504.02 million. Kronos Worldwide had a net margin of 8.05% and a return on equity of 19.49%. On average, analysts predict that Kronos Worldwide, Inc. will post 2.06 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.66%. Kronos Worldwide’s payout ratio is 51.01%.

In other news, major shareholder Corp Contran sold 5,900 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $21.94, for a total value of $129,446.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

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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