Kronos Worldwide Inc (KRO) Sets New 52-Week High at $21.91
Kronos Worldwide Inc (NYSE:KRO) shares reached a new 52-week high on Tuesday . The company traded as high as $21.91 and last traded at $21.94, with a volume of 463,352 shares changing hands. The stock had previously closed at $21.73.
KRO has been the subject of a number of recent research reports. BidaskClub upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. ValuEngine raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Barclays PLC raised their price target on shares of Kronos Worldwide from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.50.
The stock has a market capitalization of $2.50 billion, a PE ratio of 8.98 and a beta of 2.11. The company’s 50-day moving average is $20.20 and its 200 day moving average is $18.09.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.78%. Kronos Worldwide’s dividend payout ratio is currently 24.90%.
In other Kronos Worldwide 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 transaction of $36,700.00. Following the completion of the sale, the insider now directly owns 500 shares of the company’s stock, valued at $9,175. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in KRO. 1060 Capital LLC purchased a new stake in Kronos Worldwide during the first quarter valued at approximately $17,241,000. Acadian Asset Management LLC increased its stake in shares of Kronos Worldwide by 180.8% in the second quarter. Acadian Asset Management LLC now owns 1,021,536 shares of the specialty chemicals company’s stock worth $18,614,000 after purchasing an additional 657,735 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Kronos Worldwide by 37.1% in the second quarter. Vanguard Group Inc. now owns 2,227,707 shares of the specialty chemicals company’s stock worth $40,589,000 after purchasing an additional 603,137 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Kronos Worldwide in the first quarter worth $4,300,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Kronos Worldwide in the first quarter worth $4,300,000. 15.42% of the stock is owned by institutional investors and hedge funds.
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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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