Kronos Worldwide (NYSE:KRO) Shares Up 5.3%

Kronos Worldwide, Inc. (NYSE:KRO) shares shot up 5.3% during trading on Friday . The company traded as high as $15.09 and last traded at $14.51, 504,877 shares traded hands during trading. An increase of 77% from the average session volume of 285,524 shares. The stock had previously closed at $13.78.

A number of brokerages have commented on KRO. ValuEngine raised Kronos Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. SunTrust Banks lowered their price target on Kronos Worldwide from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, October 11th.

The stock has a 50 day simple moving average of $12.30 and a two-hundred day simple moving average of $12.85. The firm has a market cap of $1.59 billion, a PE ratio of 8.20 and a beta of 2.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.98 and a current ratio of 4.94.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Thursday, November 7th. The specialty chemicals company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). The company had revenue of $437.40 million for the quarter, compared to analysts’ expectations of $427.54 million. Kronos Worldwide had a net margin of 6.93% and a return on equity of 13.56%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. Equities research analysts forecast that Kronos Worldwide, Inc. will post 0.83 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.96%. Kronos Worldwide’s payout ratio is currently 40.68%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRO. First Trust Advisors LP raised its stake in shares of Kronos Worldwide by 19.1% during the 1st quarter. First Trust Advisors LP now owns 271,865 shares of the specialty chemicals company’s stock valued at $3,812,000 after buying an additional 43,569 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Kronos Worldwide in the 1st quarter valued at about $5,536,000. Denali Advisors LLC purchased a new position in shares of Kronos Worldwide in the 2nd quarter valued at about $237,000. WINTON GROUP Ltd increased its stake in shares of Kronos Worldwide by 38.2% in the 2nd quarter. WINTON GROUP Ltd now owns 59,728 shares of the specialty chemicals company’s stock valued at $915,000 after purchasing an additional 16,509 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in shares of Kronos Worldwide by 1,432.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 153,200 shares of the specialty chemicals company’s stock valued at $15,320,000 after purchasing an additional 143,200 shares in the last quarter. Institutional investors and hedge funds own 19.66% 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. It 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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