Kronos Worldwide (NYSE:KRO) Hits New 52-Week High – Here’s What Happened

Kronos Worldwide Inc (NYSE:KRO) reached a new 52-week high on Tuesday . The stock traded as high as $9.17 and last traded at $8.7590, with a volume of 54687 shares. The stock had previously closed at $8.71.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KRO. Wall Street Zen raised Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. The Goldman Sachs Group reissued a “sell” rating and issued a $8.00 price objective on shares of Kronos Worldwide in a research note on Thursday, August 13th. Weiss Ratings upgraded Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Zacks Research lowered Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kronos Worldwide in a report on Tuesday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Kronos Worldwide has an average rating of “Reduce” and an average target price of $8.00.

Kronos Worldwide Stock Performance

The company has a quick ratio of 1.55, a current ratio of 3.30 and a debt-to-equity ratio of 0.76. The stock has a market cap of $999.99 million, a price-to-earnings ratio of -9.16 and a beta of 1.01. The stock’s fifty day moving average is $6.89 and its 200-day moving average is $6.60.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $558.10 million for the quarter, compared to analyst estimates of $484.51 million. Kronos Worldwide had a negative return on equity of 12.28% and a negative net margin of 5.63%. On average, analysts forecast that Kronos Worldwide Inc will post -0.33 EPS for the current year.

Kronos Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a $0.05 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $0.20 annualized dividend and a dividend yield of 2.3%. Kronos Worldwide’s dividend payout ratio (DPR) is presently -21.05%.

Hedge Funds Weigh In On Kronos Worldwide

A number of institutional investors have recently added to or reduced their stakes in KRO. BlackRock Inc. bought a new position in Kronos Worldwide in the 2nd quarter valued at about $10,886,000. Bank of New York Mellon Corp bought a new stake in shares of Kronos Worldwide during the second quarter worth approximately $5,030,000. Bank of America Corp DE bought a new stake in shares of Kronos Worldwide during the second quarter worth approximately $2,742,000. Boston Partners grew its position in shares of Kronos Worldwide by 16.9% in the third quarter. Boston Partners now owns 2,948,114 shares of the specialty chemicals company’s stock valued at $16,921,000 after purchasing an additional 426,662 shares during the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Kronos Worldwide in the second quarter valued at approximately $1,336,000. 15.11% of the stock is currently owned by institutional investors and hedge funds.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO₂) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO₂ offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.