Kronos Worldwide (NYSE:KRO) Stock Price Up 5.6% – What’s Next?

Kronos Worldwide, Inc. (NYSE:KRO)’s share price shot up 5.6% during trading on Thursday . The company traded as high as $10.01 and last traded at $10.01. 185,802 shares changed hands during trading, an increase of 9% from the average session volume of 170,205 shares. The stock had previously closed at $9.48.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Monday, January 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Kronos Worldwide Stock Performance

The stock has a market capitalization of $1.14 billion, a PE ratio of 12.26 and a beta of 1.16. The business has a 50 day moving average price of $10.12 and a 200 day moving average price of $11.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, November 6th. The specialty chemicals company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.34 by $0.28. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The company had revenue of $484.70 million for the quarter, compared to analysts’ expectations of $588.59 million.

Kronos Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 29th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, November 29th. Kronos Worldwide’s dividend payout ratio (DPR) is currently 24.69%.

Institutional Trading of Kronos Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC purchased a new position in Kronos Worldwide during the 2nd quarter valued at $783,000. Allspring Global Investments Holdings LLC purchased a new position in Kronos Worldwide during the 3rd quarter worth $1,521,000. Barclays PLC grew its stake in Kronos Worldwide by 329.5% during the 3rd quarter. Barclays PLC now owns 33,695 shares of the specialty chemicals company’s stock worth $419,000 after buying an additional 25,849 shares during the last quarter. Algert Global LLC grew its stake in Kronos Worldwide by 230.0% during the 3rd quarter. Algert Global LLC now owns 69,215 shares of the specialty chemicals company’s stock worth $862,000 after buying an additional 48,240 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Kronos Worldwide during the 2nd quarter worth $131,000. Institutional investors own 15.11% of the company’s stock.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company 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.