Kronos Worldwide (KRO) Sets New 52-Week Low at $12.01

Kronos Worldwide, Inc. (NYSE:KRO) hit a new 52-week low on Tuesday . The company traded as low as $12.01 and last traded at $12.22, with a volume of 15222 shares trading hands. The stock had previously closed at $12.80.

A number of brokerages have weighed in on KRO. ValuEngine upgraded Kronos Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Zacks Investment Research upgraded Kronos Worldwide from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 13th. Finally, Barclays reduced their price objective on Kronos Worldwide from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Monday, August 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.50.

The company has a quick ratio of 3.17, a current ratio of 4.96 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 0.43 and a beta of 2.35.

Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings data on Wednesday, November 7th. The specialty chemicals company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.49). Kronos Worldwide had a net margin of 12.94% and a return on equity of 33.77%. The firm had revenue of $410.30 million during the quarter, compared to analysts’ expectations of $467.00 million. During the same quarter in the prior year, the firm posted $0.64 EPS. Kronos Worldwide’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, analysts expect that Kronos Worldwide, Inc. will post 1.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, December 4th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend is Monday, December 3rd. Kronos Worldwide’s dividend payout ratio is currently 36.17%.

In other news, Vice Chairman Robert D. Graham acquired 10,000 shares of Kronos Worldwide stock in a transaction on Friday, November 23rd. The stock was bought at an average price of $12.50 per share, for a total transaction of $125,000.00. Following the completion of the purchase, the insider now owns 11,000 shares in the company, valued at $137,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Sun Life Financial INC purchased a new stake in shares of Kronos Worldwide during the second quarter worth approximately $196,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Kronos Worldwide during the second quarter worth approximately $241,000. Bank of Montreal Can raised its stake in shares of Kronos Worldwide by 37.5% during the second quarter. Bank of Montreal Can now owns 11,053 shares of the specialty chemicals company’s stock worth $249,000 after purchasing an additional 3,016 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Kronos Worldwide during the second quarter worth approximately $314,000. Finally, Verition Fund Management LLC raised its stake in shares of Kronos Worldwide by 37.7% during the third quarter. Verition Fund Management LLC now owns 15,183 shares of the specialty chemicals company’s stock worth $247,000 after purchasing an additional 4,153 shares during the last quarter. Institutional investors and hedge funds own 18.58% of the company’s stock.

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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. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, such as paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics.

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