Kronos Worldwide Inc. (KRO) Trading 1.4% Higher
Kronos Worldwide Inc. (NYSE:KRO) traded up 1.4% during trading on Friday . The company traded as high as $5.97 and last traded at $5.92, with a volume of 124,953 shares changing hands. The stock had previously closed at $5.84.
Separately, Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research report on Tuesday, June 21st.
The stock has a 50 day moving average of $5.59 and a 200-day moving average of $5.59. The stock’s market capitalization is $692.96 million.
Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Friday, May 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.10. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business earned $318.40 million during the quarter, compared to analysts’ expectations of $308.50 million. Kronos Worldwide’s quarterly revenue was down 12.8% on a year-over-year basis. On average, equities analysts predict that Kronos Worldwide Inc. will post $0.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Monday, June 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $0.60 annualized dividend and a dividend yield of 10.03%.
Several large investors have added to or reduced their stakes in KRO. Morgan Stanley raised its stake in 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 in 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.
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