Kronos Worldwide Inc (KRO) Receives Consensus Rating of “Hold” from Brokerages
Kronos Worldwide Inc (NYSE:KRO) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.00.
Several research analysts recently weighed in on KRO shares. Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research report on Friday, March 17th. ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Standpoint Research cut shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Finally, TheStreet upgraded shares of Kronos Worldwide from a “c” rating to a “b-” rating in a research report on Wednesday, March 29th.
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In related news, insider Benjiman R. Corona sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total value of $36,700.00. Following the transaction, the insider now directly owns 500 shares in the company, valued at $9,175. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. 1060 Capital LLC purchased a new stake in shares of Kronos Worldwide during the first quarter valued at about $17,241,000. Advisors Asset Management Inc. raised its stake in shares of Kronos Worldwide by 130.8% in the first quarter. Advisors Asset Management Inc. now owns 873,758 shares of the specialty chemicals company’s stock valued at $14,356,000 after buying an additional 495,111 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Kronos Worldwide by 184.2% in the fourth quarter. Renaissance Technologies LLC now owns 647,100 shares of the specialty chemicals company’s stock valued at $7,726,000 after buying an additional 419,400 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Kronos Worldwide by 455.4% in the first quarter. Acadian Asset Management LLC now owns 363,801 shares of the specialty chemicals company’s stock valued at $5,978,000 after buying an additional 298,300 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Kronos Worldwide during the first quarter valued at about $4,778,000. Institutional investors own 14.19% of the company’s stock.
Kronos Worldwide (NYSE:KRO) traded up 0.50% during midday trading on Friday, hitting $20.17. 58,653 shares of the stock were exchanged. The company has a market capitalization of $2.34 billion, a P/E ratio of 27.86 and a beta of 2.08. Kronos Worldwide has a 1-year low of $4.95 and a 1-year high of $20.26. The company’s 50 day moving average is $18.51 and its 200 day moving average is $15.45.
Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Monday, May 8th. The specialty chemicals company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. Kronos Worldwide had a return on equity of 18.70% and a net margin of 5.93%. The firm had revenue of $369.80 million for the quarter, compared to analysts’ expectations of $350 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. Analysts predict that Kronos Worldwide will post $1.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Tuesday, June 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Friday, June 2nd. Kronos Worldwide’s dividend payout ratio (DPR) is 83.33%.
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.
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