Kronos Worldwide (NYSE:KRO) Sets New 12-Month Low at $12.15

Kronos Worldwide, Inc. (NYSE:KRO)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $12.15 and last traded at $12.15, with a volume of 4499 shares. The stock had previously closed at $12.85.

Separately, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Kronos Worldwide from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, August 16th.

The company has a debt-to-equity ratio of 0.64, a current ratio of 5.74 and a quick ratio of 3.62. The stock has a market capitalization of $1.41 billion, a PE ratio of 22.16 and a beta of 1.38. The firm has a fifty day moving average price of $13.19 and a two-hundred day moving average price of $14.87.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, August 4th. The specialty chemicals company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.05). Kronos Worldwide had a net margin of 3.58% and a return on equity of 7.92%. The business had revenue of $478.60 million during the quarter, compared to the consensus estimate of $483.43 million. On average, research analysts expect that Kronos Worldwide, Inc. will post 0.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Stockholders of record on Thursday, September 2nd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend was Wednesday, September 1st. Kronos Worldwide’s payout ratio is presently 130.91%.

Hedge funds have recently modified their holdings of the business. Kempen Capital Management N.V. grew its position in shares of Kronos Worldwide by 7.7% during the 2nd quarter. Kempen Capital Management N.V. now owns 2,730,305 shares of the specialty chemicals company’s stock worth $39,098,000 after buying an additional 194,332 shares in the last quarter. Vanguard Group Inc. lifted its stake in Kronos Worldwide by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,199,378 shares of the specialty chemicals company’s stock worth $31,496,000 after acquiring an additional 62,855 shares during the period. BlackRock Inc. lifted its stake in Kronos Worldwide by 0.6% in the second quarter. BlackRock Inc. now owns 2,092,404 shares of the specialty chemicals company’s stock worth $29,964,000 after acquiring an additional 12,804 shares during the period. Bank of New York Mellon Corp grew its holdings in Kronos Worldwide by 13.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 984,385 shares of the specialty chemicals company’s stock worth $14,096,000 after acquiring an additional 118,926 shares in the last quarter. Finally, State Street Corp increased its position in Kronos Worldwide by 4.8% during the 2nd quarter. State Street Corp now owns 630,851 shares of the specialty chemicals company’s stock valued at $9,034,000 after purchasing an additional 28,952 shares during the period. Institutional investors and hedge funds own 14.98% of the company’s stock.

Kronos Worldwide Company Profile (NYSE:KRO)

Kronos Worldwide, Inc engages in the production and marketing of value-added titanium dioxide pigments. Its products are used for coatings and inks; plastics; paper and paper laminates; man-made fibers; health, food, and beauty; and ceramic, glass, and welding rods applications. The firm also offers assistance in pigment selection, consultation, on-site training, testing on lab scale equipment, and weathering tests technical services.

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