Kronos Worldwide (NYSE:KRO) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Kronos Worldwide (NYSE:KRO) from a strong sell rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on KRO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kronos Worldwide in a research note on Friday, March 27th. Wall Street Zen raised shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Sell” and an average price target of $6.00.

Kronos Worldwide Stock Performance

Shares of NYSE:KRO opened at $7.02 on Wednesday. The company’s 50 day simple moving average is $6.22 and its 200 day simple moving average is $5.51. The stock has a market capitalization of $807.08 million, a price-to-earnings ratio of -6.05 and a beta of 1.00. Kronos Worldwide has a 1 year low of $4.08 and a 1 year high of $7.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.70 and a quick ratio of 0.99.

Kronos Worldwide (NYSE:KRO) last posted its earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.29. The firm had revenue of $509.80 million for the quarter, compared to analysts’ expectations of $524.00 million. Kronos Worldwide had a negative net margin of 7.12% and a negative return on equity of 14.75%. As a group, research analysts predict that Kronos Worldwide will post -0.33 EPS for the current fiscal year.

Kronos Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, March 10th. Kronos Worldwide’s payout ratio is -20.83%.

Hedge Funds Weigh In On Kronos Worldwide

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in shares of Kronos Worldwide by 4.6% during the first quarter. Bank of New York Mellon Corp now owns 804,588 shares of the specialty chemicals company’s stock worth $5,286,000 after purchasing an additional 35,224 shares during the period. IMC Chicago LLC acquired a new position in shares of Kronos Worldwide during the first quarter valued at about $68,000. Money Concepts Capital Corp acquired a new position in shares of Kronos Worldwide during the first quarter valued at about $304,000. Abel Hall LLC acquired a new stake in shares of Kronos Worldwide in the 1st quarter worth about $80,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Kronos Worldwide in the 4th quarter worth about $54,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

About Kronos Worldwide

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO₂) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO₂ offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.