Kronos Worldwide Inc. (KRO) Trading 1.9% Higher
Kronos Worldwide Inc. (NYSE:KRO)’s share price traded up 1.9% during mid-day trading on Thursday . The stock traded as high as $5.15 and last traded at $4.91, with a volume of 302,672 shares changing hands. The stock had previously closed at $4.82.
Separately, Zacks Investment Research lowered Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th.
The company’s market cap is $566.65 million. The firm’s 50 day moving average is $5.64 and its 200-day moving average is $5.60.
Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Friday, May 6th. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.10. The company earned $318.40 million during the quarter, compared to the consensus estimate of $308.50 million. During the same quarter in the previous year, the business earned $0.16 EPS. Kronos Worldwide’s revenue was down 12.8% on a year-over-year basis. Equities research analysts predict that Kronos Worldwide Inc. will post $0.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Monday, June 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 12.27%. The ex-dividend date of this dividend was Thursday, June 2nd.
Several institutional investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Kronos Worldwide by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,266,681 shares of the company’s stock valued at $7,144,000 after buying an additional 23,748 shares during the last quarter. Morgan Stanley boosted its position in shares of Kronos Worldwide by 64.7% in the fourth quarter. Morgan Stanley now owns 267,530 shares of the company’s stock valued at $1,509,000 after buying an additional 105,140 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Kronos Worldwide by 13.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 306,720 shares of the company’s stock valued at $1,730,000 after buying an additional 35,219 shares during the last quarter.
Kronos Worldwide, Inc is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products in approximately 100 countries with sales in Europe and North America.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.