Kronos Worldwide (NYSE:KRO) Stock Price Crosses Above Two Hundred Day Moving Average of $10.58

Kronos Worldwide, Inc. (NYSE:KROGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.58 and traded as high as $13.62. Kronos Worldwide shares last traded at $13.52, with a volume of 157,421 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on KRO. StockNews.com raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. The Goldman Sachs Group upped their price target on shares of Kronos Worldwide from $9.00 to $11.00 and gave the stock a “sell” rating in a research report on Thursday, May 16th. Barclays upped their price target on shares of Kronos Worldwide from $8.00 to $9.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 15th. TheStreet raised shares of Kronos Worldwide from a “d+” rating to a “c-” rating in a research report on Monday, March 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Kronos Worldwide from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.67.

View Our Latest Analysis on KRO

Kronos Worldwide Stock Up 1.2 %

The firm’s 50-day moving average price is $12.45 and its 200-day moving average price is $10.58. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -58.76 and a beta of 1.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.68 and a quick ratio of 1.90.

Kronos Worldwide (NYSE:KROGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The specialty chemicals company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. Kronos Worldwide had a negative net margin of 1.50% and a negative return on equity of 3.13%. The company had revenue of $478.80 million during the quarter, compared to analyst estimates of $454.64 million. Sell-side analysts forecast that Kronos Worldwide, Inc. will post 0.85 earnings per share for the current fiscal year.

Kronos Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Monday, June 10th. Kronos Worldwide’s payout ratio is currently -330.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Counterpoint Mutual Funds LLC purchased a new position in shares of Kronos Worldwide in the first quarter valued at $134,000. SG Americas Securities LLC purchased a new position in shares of Kronos Worldwide in the fourth quarter valued at $125,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Kronos Worldwide in the first quarter valued at $209,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Kronos Worldwide by 631.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,183 shares of the specialty chemicals company’s stock valued at $211,000 after purchasing an additional 18,288 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Kronos Worldwide in the third quarter valued at $173,000. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

About Kronos Worldwide

(Get Free Report)

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.

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