Insider Buying: Kronos Worldwide, Inc. (NYSE:KRO) Director Purchases 14,000 Shares of Stock

Kronos Worldwide, Inc. (NYSE:KRO) Director Kevin B. Kramer bought 14,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $7.43 per share, for a total transaction of $104,020.00. Following the acquisition, the director now owns 21,460 shares in the company, valued at $159,447.80. The trade was a 187.67 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kronos Worldwide Stock Performance

Kronos Worldwide stock opened at $7.57 on Thursday. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. Kronos Worldwide, Inc. has a 1 year low of $7.17 and a 1 year high of $14.50. The company has a market cap of $870.71 million, a PE ratio of 9.34 and a beta of 1.16. The company’s 50-day moving average is $9.13 and its two-hundred day moving average is $10.51.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Thursday, March 6th. The specialty chemicals company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.31). Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%. The business had revenue of $423.10 million for the quarter, compared to analyst estimates of $494.19 million.

Kronos Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.64%. Kronos Worldwide’s dividend payout ratio is 27.03%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Monday.

Institutional Trading of Kronos Worldwide

Hedge funds have recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in shares of Kronos Worldwide in the 4th quarter valued at approximately $25,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Kronos Worldwide in the 4th quarter valued at approximately $30,000. Aquatic Capital Management LLC raised its position in shares of Kronos Worldwide by 144.8% in the 4th quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 1,883 shares during the period. State of Wyoming raised its position in shares of Kronos Worldwide by 28.1% in the 4th quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 1,105 shares during the period. Finally, Caisse Des Depots ET Consignations acquired a new stake in Kronos Worldwide during the 4th quarter worth approximately $54,000. 15.11% of the stock is currently owned by institutional investors and hedge funds.

About Kronos Worldwide

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.