Posted by admin on Jun 29th, 2022
Kronos Worldwide, Inc. (NYSE:KRO – Get Rating) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.83 and traded as high as $19.19. Kronos Worldwide shares last traded at $19.17, with a volume of 421,073 shares changing hands.
KRO has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Kronos Worldwide in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kronos Worldwide from $18.00 to $20.00 in a report on Thursday, May 19th.
The company’s 50 day moving average price is $17.42 and its two-hundred day moving average price is $15.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 4.55 and a quick ratio of 2.90. The stock has a market capitalization of $2.21 billion, a PE ratio of 14.63 and a beta of 1.11.
Kronos Worldwide (NYSE:KRO – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The specialty chemicals company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.22. The firm had revenue of $562.90 million for the quarter, compared to the consensus estimate of $504.02 million. Kronos Worldwide had a net margin of 7.40% and a return on equity of 17.65%. Analysts forecast that Kronos Worldwide, Inc. will post 2.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Monday, June 6th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend 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 the firm’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $21.94, for a total transaction of $129,446.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Denali Advisors LLC increased its position in shares of Kronos Worldwide by 10.2% during the fourth quarter. Denali Advisors LLC now owns 205,819 shares of the specialty chemicals company’s stock valued at $3,089,000 after acquiring an additional 19,100 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Kronos Worldwide during the fourth quarter valued at about $344,000. Quadrant Capital Group LLC increased its position 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 during the last quarter. Advisors Asset Management Inc. increased its position 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 during the last quarter. Finally, Ellevest Inc. increased its position in shares of Kronos Worldwide by 176.5% during the fourth quarter. Ellevest Inc. now owns 2,038 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 1,301 shares during the last quarter. Hedge funds and other institutional investors 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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