Kronos Worldwide (NYSE:KRO) Stock Price Up 5.1% – What’s Next?

Kronos Worldwide Inc (NYSE:KRO)’s stock price was up 5.1% during mid-day trading on Monday . The company traded as high as $8.65 and last traded at $8.6150. 154,603 shares changed hands during trading, a decline of 56% from the average daily volume of 347,880 shares. The stock had previously closed at $8.20.

Analysts Set New Price Targets

A number of equities analysts have commented on KRO shares. The Goldman Sachs Group restated a “sell” rating and set a $8.00 price objective on shares of Kronos Worldwide in a research note on Thursday, August 13th. Wall Street Zen raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Zacks Research lowered Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Weiss Ratings raised shares of Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Kronos Worldwide currently has an average rating of “Sell” and a consensus target price of $8.00.

Kronos Worldwide Price Performance

The business’s 50-day simple moving average is $6.85 and its two-hundred day simple moving average is $6.58. The firm has a market cap of $995.60 million, a price-to-earnings ratio of -9.11 and a beta of 1.01. The company has a current ratio of 3.30, a quick ratio of 1.55 and a debt-to-equity ratio of 0.76.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.06. Kronos Worldwide had a negative net margin of 5.63% and a negative return on equity of 12.28%. The business had revenue of $558.10 million for the quarter, compared to analyst estimates of $484.51 million. As a group, research analysts expect that Kronos Worldwide Inc will post -0.33 EPS for the current fiscal year.

Kronos Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $0.05 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $0.20 annualized dividend and a dividend yield of 2.3%. Kronos Worldwide’s payout ratio is currently -21.05%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Monaco Asset Management SAM acquired a new position in shares of Kronos Worldwide during the second quarter worth approximately $964,000. GSA Capital Partners LLP bought a new position in shares of Kronos Worldwide during the second quarter valued at about $582,000. Group One Trading LLC purchased a new position in shares of Kronos Worldwide in the 2nd quarter worth approximately $41,000. Allworth Financial LP purchased a new position in shares of Kronos Worldwide in the 2nd quarter worth about $441,000. Finally, IMC Chicago LLC purchased a new stake in shares of Kronos Worldwide during the 2nd quarter worth approximately $65,000. 15.11% of the stock is owned by institutional investors and hedge funds.

About Kronos Worldwide

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO?) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO? offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.