Kronos Worldwide (NYSE:KRO) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Kronos Worldwide Inc (NYSE:KRO) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.85 and traded as high as $8.40. Kronos Worldwide shares last traded at $8.1850, with a volume of 370,749 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KRO shares. Deutsche Bank Aktiengesellschaft upped their target price on Kronos Worldwide from $6.00 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Zacks Research lowered Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Weiss Ratings raised Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. The Goldman Sachs Group reiterated a “sell” rating and issued a $8.00 price target on shares of Kronos Worldwide in a research report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Kronos Worldwide currently has a consensus rating of “Reduce” and a consensus target price of $8.50.

Kronos Worldwide Stock Up 0.8%

The stock has a fifty day moving average of $7.59 and a 200-day moving average of $6.87. The firm has a market capitalization of $943.24 million, a price-to-earnings ratio of -8.63 and a beta of 1.08. 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 quarterly earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The business had revenue of $558.10 million during the quarter, compared to analyst estimates of $484.51 million. Kronos Worldwide had a negative return on equity of 12.28% and a negative net margin of 5.63%. As a group, sell-side analysts expect that Kronos Worldwide Inc will post 0.35 EPS for the current year.

Kronos Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 3rd. Kronos Worldwide’s dividend payout ratio (DPR) is -21.05%.

Institutional Investors Weigh In On Kronos Worldwide

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Kronos Worldwide during the second quarter valued at $10,886,000. Bank of New York Mellon Corp boosted its position in Kronos Worldwide by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 804,588 shares of the specialty chemicals company’s stock worth $5,286,000 after acquiring an additional 35,224 shares during the period. Bank of America Corp DE acquired a new stake in Kronos Worldwide during the 2nd quarter worth about $2,742,000. PDT Partners LLC purchased a new position in Kronos Worldwide during the 2nd quarter valued at about $1,336,000. Finally, Monaco Asset Management SAM purchased a new position in Kronos Worldwide during the 2nd quarter valued at about $964,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

About Kronos Worldwide

Kronos Worldwide, Inc (NYSE:KRO) is a global producer and marketer of titanium dioxide (TiO?) pigments. Its products are used to provide whiteness, opacity, brightness and durability in a broad range of applications, including paints and coatings, plastics, paper, printing inks and other specialty products.

The company also produces titanium chemicals and coproducts, including iron salts and other materials generated through its manufacturing processes. Kronos sells its products primarily to industrial customers and serves markets in North America, Europe and other international regions.

Kronos Worldwide traces its operating history to the early 20th century and is headquartered in Dallas, Texas.