Kronos Worldwide Inc (NYSE:KRO) EVP Buys $17,490.00 in Stock

Kronos Worldwide Inc (NYSE:KRO) EVP Andrew B. Nace bought 3,000 shares of Kronos Worldwide stock in a transaction on Wednesday, August 13th. The stock was acquired at an average price of $5.83 per share, for a total transaction of $17,490.00. Following the transaction, the executive vice president directly owned 19,453 shares of the company’s stock, valued at approximately $113,410.99. This trade represents a 18.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kronos Worldwide Trading Down 2.3%

KRO opened at $6.02 on Friday. Kronos Worldwide Inc has a 12 month low of $4.70 and a 12 month high of $12.98. The stock has a market capitalization of $692.60 million, a price-to-earnings ratio of 10.38 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.79 and a quick ratio of 1.04. The business has a fifty day moving average price of $6.11 and a 200 day moving average price of $7.17.

Kronos Worldwide (NYSE:KRO) last announced its earnings results on Wednesday, August 6th. The specialty chemicals company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The firm had revenue of $494.40 million during the quarter, compared to analyst estimates of $508.47 million. Kronos Worldwide had a net margin of 3.57% and a return on equity of 8.04%.

Kronos Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 5th. Kronos Worldwide’s dividend payout ratio (DPR) is presently 34.48%.

Institutional Trading of Kronos Worldwide

Hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new stake in Kronos Worldwide during the 4th quarter worth approximately $25,000. Quantbot Technologies LP purchased a new position in shares of Kronos Worldwide during the 1st quarter worth approximately $29,000. Aquatic Capital Management LLC increased its stake in Kronos Worldwide by 144.8% in the 4th quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 1,883 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Kronos Worldwide in the 2nd quarter valued at approximately $42,000. Finally, US Bancorp DE increased its stake in Kronos Worldwide by 2,455.6% in the 1st quarter. US Bancorp DE now owns 6,108 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 5,869 shares in the last quarter. 15.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on KRO. Wall Street Zen cut Kronos Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Barclays lowered their target price on Kronos Worldwide from $10.00 to $7.00 and set an “underweight” rating for the company in a research note on Wednesday, May 28th. Finally, The Goldman Sachs Group lowered their target price on Kronos Worldwide from $11.00 to $8.50 and set a “sell” rating for the company in a research note on Wednesday, May 14th.

Kronos Worldwide Company Profile

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.