Kronos Worldwide (NYSE:KRO) Reaches New 1-Year High at $11.69

Shares of Kronos Worldwide, Inc. (NYSE:KROGet Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $11.69 and last traded at $11.69, with a volume of 653 shares trading hands. The stock had previously closed at $11.27.

Analyst Ratings Changes

A number of research firms have recently commented on KRO. The Goldman Sachs Group increased their price target on shares of Kronos Worldwide from $7.00 to $8.00 and gave the company a “sell” rating in a report on Thursday, December 14th. TheStreet upgraded shares of Kronos Worldwide from a “d+” rating to a “c-” rating in a research note on Monday, March 11th. Finally, StockNews.com upgraded shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a report on Monday, February 26th.

Read Our Latest Analysis on Kronos Worldwide

Kronos Worldwide Price Performance

The company has a current ratio of 3.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average is $9.40 and its 200-day moving average is $8.64.

Kronos Worldwide (NYSE:KROGet Free Report) last announced its earnings results on Wednesday, March 6th. The specialty chemicals company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $400.10 million for the quarter, compared to analysts’ expectations of $404.94 million. Kronos Worldwide had a negative return on equity of 5.73% and a negative net margin of 2.95%. Equities research analysts anticipate that Kronos Worldwide, Inc. will post 0.33 EPS for the current year.

Kronos Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, March 5th were given a $0.19 dividend. The ex-dividend date was Monday, March 4th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.70%. Kronos Worldwide’s payout ratio is currently -176.74%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. US Bancorp DE lifted its position in shares of Kronos Worldwide by 293.2% in the second quarter. US Bancorp DE now owns 4,140 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 3,087 shares in the last quarter. Royal Bank of Canada lifted its holdings in Kronos Worldwide by 214.1% in the 3rd quarter. Royal Bank of Canada now owns 5,120 shares of the specialty chemicals company’s stock worth $48,000 after purchasing an additional 3,490 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Kronos Worldwide by 25.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,256 shares of the specialty chemicals company’s stock worth $97,000 after purchasing an additional 1,073 shares during the period. Citigroup Inc. grew its holdings in Kronos Worldwide by 129.2% during the 4th quarter. Citigroup Inc. now owns 5,686 shares of the specialty chemicals company’s stock valued at $53,000 after buying an additional 3,205 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Kronos Worldwide by 116.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 6,150 shares of the specialty chemicals company’s stock valued at $98,000 after acquiring an additional 3,303 shares during the last quarter. Institutional investors own 16.67% of the company’s stock.

Kronos Worldwide Company Profile

(Get Free Report)

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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