Kronos Worldwide (NYSE:KRO) Upgraded at StockNews.com

StockNews.com upgraded shares of Kronos Worldwide (NYSE:KRO) from a buy rating to a strong-buy rating in a research report sent to investors on Monday.

Separately, Barclays lifted their price objective on shares of Kronos Worldwide from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kronos Worldwide has an average rating of “Hold” and an average target price of $12.00.

Kronos Worldwide Trading Down 2.3 %

Shares of Kronos Worldwide stock opened at $9.51 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. The firm has a fifty day moving average price of $10.17 and a 200 day moving average price of $11.13. Kronos Worldwide has a 1 year low of $8.26 and a 1 year high of $14.50. The stock has a market cap of $1.09 billion, a PE ratio of 11.73 and a beta of 1.16.

Kronos Worldwide (NYSE:KRO) last issued its earnings results on Wednesday, November 6th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.28. Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%. The firm had revenue of $484.70 million during the quarter, compared to analysts’ expectations of $588.59 million.

Kronos Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 29th were given a $0.05 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.20 annualized dividend and a dividend yield of 2.10%. Kronos Worldwide’s dividend payout ratio (DPR) is 24.69%.

Institutional Trading of Kronos Worldwide

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC acquired a new stake in shares of Kronos Worldwide in the second quarter valued at about $783,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Kronos Worldwide in the third quarter valued at about $1,521,000. Barclays PLC boosted its position in Kronos Worldwide by 329.5% during the third quarter. Barclays PLC now owns 33,695 shares of the specialty chemicals company’s stock worth $419,000 after acquiring an additional 25,849 shares during the last quarter. Algert Global LLC boosted its position in Kronos Worldwide by 230.0% during the third quarter. Algert Global LLC now owns 69,215 shares of the specialty chemicals company’s stock worth $862,000 after acquiring an additional 48,240 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Kronos Worldwide during the second quarter worth about $131,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Company Profile

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.