Kronos Worldwide Inc (NYSE:KRO) VP Amy A. Samford Buys 3,000 Shares

Kronos Worldwide Inc (NYSE:KRO) VP Amy A. Samford bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was bought at an average price of $4.83 per share, for a total transaction of $14,490.00. Following the acquisition, the vice president directly owned 5,000 shares of the company’s stock, valued at $24,150. The trade was a 150.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kronos Worldwide Stock Up 4.4%

KRO opened at $5.07 on Tuesday. The company has a current ratio of 2.79, a quick ratio of 1.04 and a debt-to-equity ratio of 0.59. Kronos Worldwide Inc has a 1-year low of $4.70 and a 1-year high of $12.98. The company has a market capitalization of $583.76 million, a PE ratio of 8.75 and a beta of 1.09. The firm’s 50 day simple moving average is $6.16 and its two-hundred day simple moving average is $7.25.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results on Wednesday, August 6th. The specialty chemicals company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.21). Kronos Worldwide had a return on equity of 8.04% and a net margin of 3.57%. The business had revenue of $494.40 million during the quarter, compared to the consensus estimate of $508.47 million.

Kronos Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, September 5th. Kronos Worldwide’s dividend payout ratio (DPR) is presently 34.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Kronos Worldwide from a “hold” rating to a “sell” rating in a report on Saturday. The Goldman Sachs Group dropped their target price on shares of Kronos Worldwide from $11.00 to $8.50 and set a “sell” rating on the stock in a report on Wednesday, May 14th. Finally, Barclays dropped their target price on shares of Kronos Worldwide from $10.00 to $7.00 and set an “underweight” rating on the stock in a report on Wednesday, May 28th.

Institutional Trading of Kronos Worldwide

Several institutional investors and hedge funds have recently modified their holdings of KRO. Nuveen LLC bought a new stake in shares of Kronos Worldwide during the 1st quarter valued at $2,090,000. Luminus Management LLC bought a new stake in shares of Kronos Worldwide during the 4th quarter valued at $2,538,000. Boston Partners raised its position in shares of Kronos Worldwide by 10.7% during the 2nd quarter. Boston Partners now owns 1,744,935 shares of the specialty chemicals company’s stock valued at $10,816,000 after purchasing an additional 169,039 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Kronos Worldwide by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company’s stock valued at $30,859,000 after purchasing an additional 109,674 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Kronos Worldwide by 478.7% during the 1st 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 period. 15.11% of the stock is currently owned by institutional investors.

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.