Kronos Worldwide, Inc. (NYSE:KRO) Director Kevin B. Kramer Acquires 14,000 Shares

Kronos Worldwide, Inc. (NYSE:KRO) Director Kevin B. Kramer bought 14,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $7.43 per share, for a total transaction of $104,020.00. Following the purchase, the director now owns 21,460 shares in the company, valued at $159,447.80. This trade represents a 187.67 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kronos Worldwide Stock Performance

Shares of KRO opened at $7.57 on Thursday. Kronos Worldwide, Inc. has a one year low of $7.17 and a one year high of $14.50. The company has a 50-day moving average of $9.13 and a two-hundred day moving average of $10.51. The stock has a market cap of $870.71 million, a price-to-earnings ratio of 9.34 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Thursday, March 6th. The specialty chemicals company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.31). The company had revenue of $423.10 million for the quarter, compared to analyst estimates of $494.19 million. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%.

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 given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Tuesday, March 11th. Kronos Worldwide’s dividend payout ratio is 27.03%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Monday.

Hedge Funds Weigh In On Kronos Worldwide

Institutional investors have recently modified their holdings of the company. State of Wyoming raised its stake in Kronos Worldwide by 28.1% during the 4th quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 1,105 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Kronos Worldwide by 0.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 315,992 shares of the specialty chemicals company’s stock valued at $3,081,000 after purchasing an additional 1,130 shares during the last quarter. Aquatic Capital Management LLC raised its stake in Kronos Worldwide by 144.8% during the 4th quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 1,883 shares during the last quarter. Federated Hermes Inc. acquired a new position in Kronos Worldwide during the 4th quarter valued at $25,000. Finally, Rhumbline Advisers raised its stake in Kronos Worldwide by 8.7% during the 4th quarter. Rhumbline Advisers now owns 34,948 shares of the specialty chemicals company’s stock valued at $341,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors own 15.11% of the company’s stock.

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.