Kronos Worldwide (NYSE:KRO) Stock Price Crosses Above 200 Day Moving Average of $13.84

Kronos Worldwide, Inc. (NYSE:KRO)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.84 and traded as high as $10.64. Kronos Worldwide shares last traded at $10.62, with a volume of 1,550 shares changing hands.

Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 17th. ValuEngine downgraded shares of Kronos Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd.

The firm’s 50-day moving average is $13.09 and its 200 day moving average is $13.84. The company has a current ratio of 4.94, a quick ratio of 2.98 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 5.97, a P/E/G ratio of 0.73 and a beta of 1.98.

Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.06). The firm had revenue of $484.50 million during the quarter, compared to analyst estimates of $465.00 million. Kronos Worldwide had a return on equity of 13.56% and a net margin of 6.93%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Analysts predict that Kronos Worldwide, Inc. will post 0.92 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 14th. Stockholders of record on Thursday, September 5th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.86%. Kronos Worldwide’s dividend payout ratio (DPR) is currently 40.68%.

In related news, Vice Chairman Robert D. Graham acquired 5,000 shares of the stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $10.75 per share, for a total transaction of $53,750.00. Following the purchase, the insider now directly owns 16,000 shares of the company’s stock, valued at approximately $172,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew B. Nace acquired 6,000 shares of the stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $11.21 per share, with a total value of $67,260.00. Following the purchase, the insider now directly owns 4,475 shares in the company, valued at $50,164.75. The disclosure for this purchase can be found here. Insiders bought a total of 13,000 shares of company stock worth $142,010 in the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Several large investors have recently added to or reduced their stakes in KRO. Northern Trust Corp increased its stake in shares of Kronos Worldwide by 0.5% during the fourth quarter. Northern Trust Corp now owns 363,090 shares of the specialty chemicals company’s stock valued at $4,182,000 after acquiring an additional 1,783 shares during the period. Geode Capital Management LLC increased its stake in shares of Kronos Worldwide by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 240,081 shares of the specialty chemicals company’s stock valued at $2,764,000 after acquiring an additional 11,864 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Kronos Worldwide by 378.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,972 shares of the specialty chemicals company’s stock valued at $92,000 after acquiring an additional 6,305 shares during the period. Legal & General Group Plc increased its stake in shares of Kronos Worldwide by 43.3% during the fourth quarter. Legal & General Group Plc now owns 4,660 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 1,408 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Kronos Worldwide by 10.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,714,878 shares of the specialty chemicals company’s stock valued at $19,756,000 after acquiring an additional 164,229 shares during the period. Institutional investors own 20.48% of the company’s stock.

About Kronos Worldwide (NYSE:KRO)

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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