Kronos Worldwide, Inc. (NYSE:KRO) Director Cecil H. Moore, Jr. acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $10.50 per share, with a total value of $21,000.00. Following the completion of the transaction, the director now directly owns 19,324 shares in the company, valued at $202,902. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NYSE KRO traded up $0.15 during trading on Tuesday, hitting $10.79. 330,946 shares of the company traded hands, compared to its average volume of 303,062. Kronos Worldwide, Inc. has a 1 year low of $10.33 and a 1 year high of $21.06. The stock has a 50-day moving average of $13.64. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 6.10, a P/E/G ratio of 0.65 and a beta of 1.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.94 and a quick ratio of 2.98.
Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, August 7th. The specialty chemicals company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.06). Kronos Worldwide had a net margin of 6.93% and a return on equity of 13.56%. The company had revenue of $484.50 million for the quarter, compared to analysts’ expectations of $465.00 million. During the same period in the prior year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts predict that Kronos Worldwide, Inc. will post 1.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 14th. Investors of record on Thursday, September 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.72 annualized dividend and a yield of 6.67%. Kronos Worldwide’s dividend payout ratio (DPR) is 40.68%.
Several research analysts recently issued reports on the company. ValuEngine downgraded Kronos Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Zacks Investment Research downgraded Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 17th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc grew its holdings in Kronos Worldwide by 43.3% during the 4th quarter. Legal & General Group Plc now owns 4,660 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 1,408 shares in the last quarter. Pearl River Capital LLC grew its holdings in Kronos Worldwide by 357.5% during the 1st quarter. Pearl River Capital LLC now owns 4,012 shares of the specialty chemicals company’s stock valued at $56,000 after buying an additional 3,135 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Kronos Worldwide by 434.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,252 shares of the specialty chemicals company’s stock valued at $74,000 after buying an additional 4,270 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in Kronos Worldwide by 378.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,972 shares of the specialty chemicals company’s stock valued at $92,000 after buying an additional 6,305 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Kronos Worldwide by 35.5% during the 1st quarter. Bank of Montreal Can now owns 10,986 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 2,881 shares in the last quarter. Hedge funds and other institutional investors own 20.40% of the company’s stock.
Kronos Worldwide Company Profile
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, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.
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