Kronos Worldwide (NYSE:KRO) Shares Down 7% – Here’s What Happened

Kronos Worldwide Inc (NYSE:KRO)’s share price traded down 7% on Wednesday . The company traded as low as $6.29 and last traded at $6.3240. 22,570 shares traded hands during trading, a decline of 93% from the average session volume of 325,193 shares. The stock had previously closed at $6.80.

Analyst Ratings Changes

KRO has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kronos Worldwide in a research note on Wednesday. Wall Street Zen raised shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Zacks Research upgraded Kronos Worldwide from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Sell” and an average target price of $5.00.

Kronos Worldwide Stock Up 1.4%

The stock has a market cap of $765.08 million, a P/E ratio of -5.73 and a beta of 0.98. The company has a quick ratio of 1.41, a current ratio of 3.18 and a debt-to-equity ratio of 0.81. The business has a 50-day simple moving average of $6.92 and a 200-day simple moving average of $6.03.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.29. Kronos Worldwide had a negative return on equity of 15.01% and a negative net margin of 7.12%.The company had revenue of $509.80 million for the quarter, compared to the consensus estimate of $524.00 million. Analysts expect that Kronos Worldwide Inc will post -0.33 EPS for the current year.

Kronos Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $0.05 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.20 dividend on an annualized basis and a yield of 3.0%. Kronos Worldwide’s dividend payout ratio (DPR) is presently -17.24%.

Institutional Investors Weigh In On Kronos Worldwide

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Kronos Worldwide by 478.7% in the first quarter. AQR Capital Management LLC now owns 125,969 shares of the specialty chemicals company’s stock valued at $942,000 after purchasing an additional 104,202 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Kronos Worldwide by 11.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 220,663 shares of the specialty chemicals company’s stock worth $1,651,000 after purchasing an additional 22,046 shares during the last quarter. Jane Street Group LLC boosted its stake in Kronos Worldwide by 20.3% during the 1st quarter. Jane Street Group LLC now owns 24,368 shares of the specialty chemicals company’s stock valued at $182,000 after purchasing an additional 4,104 shares during the period. Geode Capital Management LLC boosted its stake in Kronos Worldwide by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 527,839 shares of the specialty chemicals company’s stock valued at $3,273,000 after purchasing an additional 12,260 shares during the period. Finally, Creative Planning boosted its stake in Kronos Worldwide by 13.1% during the 2nd quarter. Creative Planning now owns 42,064 shares of the specialty chemicals company’s stock valued at $261,000 after purchasing an additional 4,857 shares during the period. 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.