Kronos Worldwide (NYSE:KRO) Shares Up 6.8% – Here’s Why

Kronos Worldwide Inc (NYSE:KRO) rose 6.8% on Monday . The company traded as high as $6.39 and last traded at $6.2890. 73,539 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 317,366 shares. The stock had previously closed at $5.89.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings raised shares of Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. Wall Street Zen upgraded shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Zacks Research raised shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kronos Worldwide currently has an average rating of “Hold” and a consensus price target of $5.00.

Kronos Worldwide Trading Down 1.0%

The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.41 and a current ratio of 3.18. The business’s 50 day moving average price is $6.72 and its 200-day moving average price is $6.16. The firm has a market cap of $735.74 million, a price-to-earnings ratio of -5.51 and a beta of 1.00.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.29. The business had revenue of $509.80 million during the quarter, compared to the consensus estimate of $524.00 million. Kronos Worldwide had a negative return on equity of 15.01% and a negative net margin of 7.12%. Equities analysts expect that Kronos Worldwide Inc will post -0.33 EPS for the current year.

Kronos Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 4th. Kronos Worldwide’s dividend payout ratio (DPR) is currently -17.24%.

Institutional Investors Weigh In On Kronos Worldwide

Institutional investors have recently made changes to their positions in the company. Boston Partners raised its position in shares of Kronos Worldwide by 0.4% during the 4th quarter. Boston Partners now owns 2,961,076 shares of the specialty chemicals company’s stock valued at $13,092,000 after acquiring an additional 12,962 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Kronos Worldwide by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 804,588 shares of the specialty chemicals company’s stock worth $5,286,000 after purchasing an additional 35,224 shares during the period. Geode Capital Management LLC boosted its holdings in Kronos Worldwide by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 541,095 shares of the specialty chemicals company’s stock worth $2,392,000 after purchasing an additional 8,641 shares during the period. Bank of America Corp DE increased its stake in Kronos Worldwide by 55.8% during the third quarter. Bank of America Corp DE now owns 472,305 shares of the specialty chemicals company’s stock valued at $2,711,000 after purchasing an additional 169,246 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Kronos Worldwide by 3.1% during the fourth quarter. AQR Capital Management LLC now owns 244,595 shares of the specialty chemicals company’s stock valued at $1,081,000 after purchasing an additional 7,382 shares during the last quarter. 15.11% of the stock is currently owned by institutional investors.

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.