Kronos Worldwide (NYSE:KRO) Trading Down 6% – Here’s Why

Kronos Worldwide Inc (NYSE:KRO) shares were down 6% on Wednesday . The stock traded as low as $7.84 and last traded at $7.87. 139,951 shares traded hands during trading, a decline of 60% from the average session volume of 348,035 shares. The stock had previously closed at $8.37.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Zacks Research raised Kronos Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group reissued a “sell” rating and issued a $8.00 price target on shares of Kronos Worldwide in a research note on Thursday. Weiss Ratings upgraded Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Finally, Wall Street Zen raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Kronos Worldwide presently has an average rating of “Hold” and an average price target of $8.00.

Kronos Worldwide Stock Up 9.3%

The firm has a 50-day moving average of $6.67 and a two-hundred day moving average of $6.46. The stock has a market capitalization of $988.71 million, a price-to-earnings ratio of -9.04 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 announced its quarterly earnings data on Wednesday, August 5th. The specialty chemicals company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. Kronos Worldwide had a negative return on equity of 12.28% and a negative net margin of 5.63%.The firm had revenue of $558.10 million during the quarter, compared to analyst estimates of $484.51 million. As a group, sell-side analysts anticipate that Kronos Worldwide Inc will post -0.33 earnings per share for the current year.

Kronos Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Kronos Worldwide’s dividend payout ratio (DPR) is currently -21.05%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KRO. Group One Trading LLC acquired a new stake in shares of Kronos Worldwide during the 2nd quarter valued at $41,000. Algert Global LLC raised its holdings in shares of Kronos Worldwide by 87.9% during the second quarter. Algert Global LLC now owns 22,150 shares of the specialty chemicals company’s stock worth $140,000 after acquiring an additional 10,360 shares in the last quarter. Ieq Capital LLC acquired a new stake in Kronos Worldwide during the second quarter valued at $192,000. Allworth Financial LP purchased a new position in Kronos Worldwide in the second quarter valued at about $441,000. Finally, BlackRock Inc. purchased a new position in Kronos Worldwide in the second quarter valued at about $10,886,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Company Profile

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.