Kronos Worldwide Inc (KRO) Reaches New 1-Year High at $25.47
Kronos Worldwide Inc (NYSE:KRO)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $25.47 and last traded at $25.47, with a volume of 149,480 shares. The stock had previously closed at $25.26.
KRO has been the topic of a number of research analyst reports. BidaskClub raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Barclays PLC increased their price target on shares of Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. Finally, ValuEngine raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.67.
The company has a market cap of $3.00 billion, a PE ratio of 10.78 and a beta of 2.17. The company has a 50-day moving average price of $22.47 and a 200 day moving average price of $19.48.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Tuesday, September 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, August 31st. Kronos Worldwide’s payout ratio is currently 24.90%.
Several institutional investors have recently added to or reduced their stakes in KRO. Acadian Asset Management LLC raised its position in shares of Kronos Worldwide by 180.8% during the second quarter. Acadian Asset Management LLC now owns 1,021,536 shares of the specialty chemicals company’s stock valued at $18,614,000 after buying an additional 657,735 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Kronos Worldwide by 37.1% during the second quarter. Vanguard Group Inc. now owns 2,227,707 shares of the specialty chemicals company’s stock valued at $40,589,000 after buying an additional 603,137 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Kronos Worldwide during the first quarter valued at approximately $4,300,000. Gotham Asset Management LLC bought a new stake in shares of Kronos Worldwide during the second quarter valued at approximately $3,661,000. Finally, PDT Partners LLC bought a new stake in shares of Kronos Worldwide during the second quarter valued at approximately $3,212,000. Hedge funds and other institutional investors own 15.41% of the company’s stock.
Kronos Worldwide Company Profile
Kronos Worldwide, Inc (Kronos) 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 with sales in Europe and North America.
Receive News & Ratings for Kronos Worldwide Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kronos Worldwide Inc and related companies with MarketBeat.com's FREE daily email newsletter.