ValuEngine upgraded shares of Kronos Worldwide Inc (NYSE:KRO) from a buy rating to a strong-buy rating in a research report released on Friday, September 1st.
KRO has been the subject of a number of other reports. Barclays PLC lifted their target price on Kronos Worldwide from $15.00 to $17.00 and gave the stock an underweight rating in a report on Thursday, August 10th. BidaskClub downgraded Kronos Worldwide from a buy rating to a hold rating in a report on Saturday, June 17th. Finally, Zacks Investment Research upgraded Kronos Worldwide from a hold rating to a strong-buy rating and set a $24.00 target price for the company in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $20.50.
Kronos Worldwide (KRO) traded up 0.74% during midday trading on Friday, hitting $21.75. 456,649 shares of the stock traded hands. Kronos Worldwide has a 1-year low of $7.27 and a 1-year high of $22.30. The firm has a market cap of $2.52 billion, a P/E ratio of 9.04 and a beta of 2.11. The company has a 50-day moving average price of $20.27 and a 200-day moving average price of $18.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Tuesday, September 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.60 annualized dividend and a yield of 2.76%. Kronos Worldwide’s dividend payout ratio is currently 24.90%.
In other Kronos Worldwide news, insider Benjiman R. Corona sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $18.35, for a total value of $36,700.00. Following the transaction, the insider now owns 500 shares of the company’s stock, valued at $9,175. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of KRO. 1060 Capital LLC purchased a new position in shares of Kronos Worldwide during the 1st quarter valued at $17,241,000. Acadian Asset Management LLC lifted its position in shares of Kronos Worldwide by 180.8% during the 2nd quarter. Acadian Asset Management LLC now owns 1,021,536 shares of the specialty chemicals company’s stock valued at $18,614,000 after buying an additional 657,735 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Kronos Worldwide by 37.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,227,707 shares of the specialty chemicals company’s stock valued at $40,589,000 after buying an additional 603,137 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of Kronos Worldwide during the 1st quarter valued at $4,300,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Kronos Worldwide during the 1st quarter valued at $4,300,000. 15.42% of the stock is currently owned by hedge funds and other institutional investors.
About Kronos Worldwide
Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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