Kronos Worldwide (NYSE:KRO) Sets New 12-Month Low – Here’s Why

Kronos Worldwide, Inc. (NYSE:KRO) shares reached a new 52-week low on Monday . The company traded as low as $8.48 and last traded at $8.51, with a volume of 58166 shares. The stock had previously closed at $8.75.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.00.

Kronos Worldwide Trading Down 3.5 %

The business has a fifty day moving average price of $9.37 and a 200-day moving average price of $10.67. The company has a market cap of $971.48 million, a P/E ratio of 10.43 and a beta of 1.14. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56.

Kronos Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, March 11th. Kronos Worldwide’s dividend payout ratio (DPR) is presently 24.69%.

Institutional Investors Weigh In On Kronos Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Boston Partners grew its position in shares of Kronos Worldwide by 80.4% in the 4th quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company’s stock valued at $13,765,000 after buying an additional 629,387 shares during the last quarter. Luminus Management LLC acquired a new position in Kronos Worldwide during the fourth quarter worth $2,538,000. Edgestream Partners L.P. bought a new position in Kronos Worldwide in the 3rd quarter valued at about $2,824,000. Segall Bryant & Hamill LLC bought a new stake in Kronos Worldwide during the fourth quarter worth $1,239,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Kronos Worldwide by 3.6% during the fourth 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 in the last quarter. 15.11% of the stock is owned by institutional investors.

About Kronos Worldwide

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.