Kronos Worldwide, Inc. (NYSE:KRO) Director Purchases $104,020.00 in Stock

Kronos Worldwide, Inc. (NYSE:KRO - Get Free Report) Director Kevin B. Kramer bought 14,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $7.43 per share, for a total transaction of $104,020.00. Following the completion of the purchase, the director now directly owns 21,460 shares in the company, valued at approximately $159,447.80. The trade was a 187.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kronos Worldwide Price Performance

Shares of Kronos Worldwide stock traded up $0.24 during trading on Friday, hitting $7.88. 249,421 shares of the stock traded hands, compared to its average volume of 194,667. The stock has a market cap of $905.91 million, a price-to-earnings ratio of 9.72 and a beta of 1.16. Kronos Worldwide, Inc. has a 52 week low of $7.17 and a 52 week high of $14.50. The firm's fifty day moving average is $9.06 and its 200-day moving average is $10.46. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56.

Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its earnings results on Thursday, March 6th. The specialty chemicals company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.31). The company had revenue of $423.10 million for the quarter, compared to analysts' expectations of $494.19 million. Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%.

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Kronos Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, March 11th. Kronos Worldwide's dividend payout ratio is presently 27.03%.

Institutional Investors Weigh In On Kronos Worldwide

Several institutional investors have recently bought and sold shares of KRO. State of Wyoming lifted its holdings in Kronos Worldwide by 28.1% in the 4th quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company's stock worth $49,000 after buying an additional 1,105 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Kronos Worldwide by 0.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 315,992 shares of the specialty chemicals company's stock worth $3,081,000 after buying an additional 1,130 shares during the period. Aquatic Capital Management LLC lifted its holdings in Kronos Worldwide by 144.8% in the 4th quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 1,883 shares during the period. Federated Hermes Inc. purchased a new stake in Kronos Worldwide in the 4th quarter worth approximately $25,000. Finally, Rhumbline Advisers lifted its holdings in Kronos Worldwide by 8.7% in the 4th quarter. Rhumbline Advisers now owns 34,948 shares of the specialty chemicals company's stock worth $341,000 after buying an additional 2,800 shares during the period. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Kronos Worldwide from a "buy" rating to a "hold" rating in a research report on Monday, March 10th.

About Kronos Worldwide

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.