Kronos Worldwide (NYSE:KRO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kronos Worldwide (NYSE:KRO) from a hold rating to a buy rating in a report released on Saturday.

KRO has been the subject of several other reports. Weiss Ratings raised shares of Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Zacks Research upgraded shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kronos Worldwide has an average rating of “Hold” and a consensus price target of $5.00.

Kronos Worldwide Stock Performance

Shares of KRO opened at $8.40 on Friday. The business’s 50 day moving average is $6.60 and its two-hundred day moving average is $6.40. Kronos Worldwide has a 52-week low of $4.08 and a 52-week high of $8.73. The firm has a market cap of $966.84 million, a price-to-earnings ratio of -8.84 and a beta of 1.01. The company has a quick ratio of 1.55, a current ratio of 3.30 and a debt-to-equity ratio of 0.76.

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

Kronos Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 3rd. Kronos Worldwide’s dividend payout ratio is currently -21.05%.

Hedge Funds Weigh In On Kronos Worldwide

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Kronos Worldwide during the second quarter valued at $42,000. Wealthspire Retirement LLC bought a new position in shares of Kronos Worldwide in the 1st quarter worth about $66,000. Jain Global LLC bought a new position in shares of Kronos Worldwide in the 4th quarter worth about $46,000. IMC Chicago LLC acquired a new position in shares of Kronos Worldwide in the 2nd quarter valued at about $65,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Kronos Worldwide in the 2nd quarter valued at about $70,000. 15.11% of the stock is currently owned by institutional investors.

About Kronos Worldwide

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO?) 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 TiO? 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.