Kronos Worldwide, Inc. (NYSE:KRO) Insider Acquires $67,260.00 in Stock

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Kronos Worldwide, Inc. (NYSE:KRO) insider Andrew B. Nace bought 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $11.21 per share, with a total value of $67,260.00. Following the purchase, the insider now directly owns 4,475 shares in the company, valued at approximately $50,164.75. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NYSE KRO opened at $10.63 on Thursday. Kronos Worldwide, Inc. has a 12 month low of $10.33 and a 12 month high of $21.06. The company’s 50-day moving average is $13.56. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.98 and a current ratio of 4.94. The firm has a market cap of $1.23 billion, a P/E ratio of 10.64, a P/E/G ratio of 0.72 and a beta of 1.98.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Wednesday, August 7th. The specialty chemicals company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.06). Kronos Worldwide had a net margin of 6.93% and a return on equity of 13.56%. The company had revenue of $484.50 million for the quarter, compared to analyst estimates of $465.00 million. During the same period in the prior year, the company earned $0.67 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that Kronos Worldwide, Inc. will post 0.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 14th. Stockholders of record on Thursday, September 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date is Wednesday, September 4th. Kronos Worldwide’s dividend payout ratio is currently 40.68%.

Several hedge funds and other institutional investors have recently bought and sold shares of KRO. Legal & General Group Plc increased its stake in shares of Kronos Worldwide by 43.3% during the 4th quarter. Legal & General Group Plc now owns 4,660 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 1,408 shares during the last quarter. Pearl River Capital LLC increased its stake in shares of Kronos Worldwide by 357.5% during the 1st quarter. Pearl River Capital LLC now owns 4,012 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 3,135 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Kronos Worldwide by 434.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,252 shares of the specialty chemicals company’s stock valued at $74,000 after acquiring an additional 4,270 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Kronos Worldwide by 378.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,972 shares of the specialty chemicals company’s stock valued at $92,000 after acquiring an additional 6,305 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Kronos Worldwide by 35.5% during the 1st quarter. Bank of Montreal Can now owns 10,986 shares of the specialty chemicals company’s stock valued at $154,000 after acquiring an additional 2,881 shares during the last quarter. 20.40% of the stock is owned by institutional investors.

KRO has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 17th. ValuEngine downgraded shares of Kronos Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It 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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