Kronos Worldwide, Inc. (NYSE:KRO - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $6.90 and last traded at $6.96, with a volume of 17699 shares changing hands. The stock had previously closed at $7.42.
Analyst Ratings Changes
Separately, StockNews.com upgraded Kronos Worldwide from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th.
Get Our Latest Stock Report on Kronos Worldwide
Kronos Worldwide Price Performance
The stock has a market cap of $724.04 million, a P/E ratio of 7.73 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. The business has a 50 day simple moving average of $8.44 and a 200-day simple moving average of $10.04.
Kronos Worldwide (NYSE:KRO - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The specialty chemicals company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.31). Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The company had revenue of $423.10 million during the quarter, compared to the consensus estimate of $494.19 million.
Kronos Worldwide Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.20 annualized dividend and a dividend yield of 3.18%. Kronos Worldwide's payout ratio is 27.03%.
Insider Activity at Kronos Worldwide
In other Kronos Worldwide news, Director Kevin B. Kramer bought 14,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $7.43 per share, with a total value of $104,020.00. Following the acquisition, the director now directly owns 21,460 shares of the company's stock, valued at $159,447.80. The trade was a 187.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by company insiders.
Institutional Trading of Kronos Worldwide
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Kronos Worldwide by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company's stock valued at $30,859,000 after buying an additional 109,674 shares during the period. Vanguard Group Inc. boosted its holdings in Kronos Worldwide by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,217,961 shares of the specialty chemicals company's stock valued at $21,625,000 after purchasing an additional 13,869 shares during the period. Boston Partners grew its position in shares of Kronos Worldwide by 80.4% during the 4th quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company's stock valued at $13,765,000 after purchasing an additional 629,387 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Kronos Worldwide by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 734,230 shares of the specialty chemicals company's stock worth $7,159,000 after purchasing an additional 31,830 shares during the period. Finally, State Street Corp raised its position in shares of Kronos Worldwide by 1.4% in the third quarter. State Street Corp now owns 575,541 shares of the specialty chemicals company's stock worth $7,165,000 after buying an additional 8,218 shares in the last quarter. 15.11% of the stock is currently owned by institutional investors.
About Kronos Worldwide
(
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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