Kronos Worldwide (NYSE:KRO) Stock Price Up 5.6% – What’s Next?

Kronos Worldwide, Inc. (NYSE:KRO) rose 5.6% during trading on Thursday . The stock traded as high as $10.01 and last traded at $10.01. Approximately 185,802 shares changed hands during trading, an increase of 9% from the average daily volume of 170,205 shares. The stock had previously closed at $9.48.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Monday, January 20th. Two analysts have rated the stock with a sell rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.00.

Kronos Worldwide Stock Down 1.0 %

The company has a market capitalization of $1.14 billion, a P/E ratio of 12.26 and a beta of 1.16. 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 stock has a 50 day moving average price of $10.12 and a 200 day moving average price of $11.10.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Wednesday, November 6th. The specialty chemicals company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The company had revenue of $484.70 million for the quarter, compared to analysts’ expectations of $588.59 million.

Kronos Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 29th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Friday, November 29th. Kronos Worldwide’s payout ratio is presently 24.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KRO. nVerses Capital LLC boosted its stake in Kronos Worldwide by 83.3% in the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock worth $55,000 after buying an additional 2,000 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Kronos Worldwide in the third quarter worth approximately $67,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Kronos Worldwide by 1,086.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,600 shares of the specialty chemicals company’s stock worth $120,000 after buying an additional 8,791 shares in the last quarter. Jade Capital Advisors LLC purchased a new stake in Kronos Worldwide in the third quarter worth approximately $124,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Kronos Worldwide in the second quarter worth approximately $131,000. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Company Profile

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.