Kronos Worldwide (KRO) Sets New 1-Year Low at $13.46

Shares of Kronos Worldwide, Inc. (NYSE:KRO) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $13.46 and last traded at $13.55, with a volume of 25809 shares. The stock had previously closed at $14.18.

Several analysts have issued reports on KRO shares. Zacks Investment Research upgraded Kronos Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. ValuEngine downgraded Kronos Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. SunTrust Banks restated a “hold” rating and set a $24.00 price objective on shares of Kronos Worldwide in a report on Friday, July 20th. Finally, Barclays cut their price objective on Kronos Worldwide from $26.00 to $24.00 and set an “underweight” rating on the stock in a report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.50.

The company has a quick ratio of 3.08, a current ratio of 4.64 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.64 billion, a PE ratio of 7.20, a PEG ratio of 0.41 and a beta of 2.37.



Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Tuesday, August 7th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.10). The company had revenue of $471.80 million for the quarter. Kronos Worldwide had a return on equity of 40.78% and a net margin of 14.81%. As a group, equities research analysts forecast that Kronos Worldwide, Inc. will post 2.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, December 4th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, December 3rd. This represents a $0.68 annualized dividend and a yield of 5.02%. Kronos Worldwide’s payout ratio is presently 36.17%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio grew its stake in Kronos Worldwide by 9.9% during the 2nd quarter. Strs Ohio now owns 32,300 shares of the specialty chemicals company’s stock valued at $727,000 after acquiring an additional 2,900 shares in the last quarter. Bank of Montreal Can grew its stake in Kronos Worldwide by 37.5% during the 2nd quarter. Bank of Montreal Can now owns 11,053 shares of the specialty chemicals company’s stock valued at $249,000 after acquiring an additional 3,016 shares in the last quarter. Navellier & Associates Inc grew its stake in Kronos Worldwide by 3.0% during the 2nd quarter. Navellier & Associates Inc now owns 106,894 shares of the specialty chemicals company’s stock valued at $2,408,000 after acquiring an additional 3,158 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Kronos Worldwide by 20.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 21,297 shares of the specialty chemicals company’s stock valued at $480,000 after acquiring an additional 3,599 shares in the last quarter. Finally, James Investment Research Inc. grew its stake in Kronos Worldwide by 4.4% during the 2nd quarter. James Investment Research Inc. now owns 92,056 shares of the specialty chemicals company’s stock valued at $2,074,000 after acquiring an additional 3,899 shares in the last quarter. Hedge funds and other institutional investors own 18.09% of the company’s stock.

About Kronos Worldwide (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.

Recommended Story: Hedge Funds Explained

Receive News & Ratings for Kronos Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kronos Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply