Kevin B. Kramer Buys 14,000 Shares of Kronos Worldwide, Inc. (NYSE:KRO) Stock

Kronos Worldwide, Inc. (NYSE:KRO) Director Kevin B. Kramer purchased 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $7.43 per share, for a total transaction of $104,020.00. Following the acquisition, the director now owns 21,460 shares of the company’s stock, valued at $159,447.80. The trade was a 187.67 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kronos Worldwide Stock Performance

KRO stock opened at $7.63 on Friday. Kronos Worldwide, Inc. has a twelve month low of $7.17 and a twelve month high of $14.50. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. The company has a market cap of $877.95 million, a P/E ratio of 9.42 and a beta of 1.16. The business’s fifty day moving average is $9.13 and its 200-day moving average is $10.51.

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

Kronos Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 yield of 2.62%. The ex-dividend date of this dividend is Tuesday, March 11th. Kronos Worldwide’s dividend payout ratio is currently 27.03%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Kronos Worldwide

Several large investors have recently bought and sold shares of KRO. Dimensional Fund Advisors LP grew its holdings in shares of Kronos Worldwide by 3.6% in 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 buying an additional 109,674 shares during the period. Vanguard Group Inc. grew its stake in Kronos Worldwide by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,217,961 shares of the specialty chemicals company’s stock valued at $21,625,000 after acquiring an additional 13,869 shares during the period. Boston Partners grew its stake in Kronos Worldwide by 80.4% in the fourth quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company’s stock valued at $13,765,000 after acquiring an additional 629,387 shares during the period. Renaissance Technologies LLC grew its stake in Kronos Worldwide by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 734,230 shares of the specialty chemicals company’s stock valued at $7,159,000 after acquiring an additional 31,830 shares during the period. Finally, State Street Corp raised its position in shares of Kronos Worldwide by 1.4% during the third quarter. State Street Corp now owns 575,541 shares of the specialty chemicals company’s stock worth $7,165,000 after purchasing an additional 8,218 shares during the period. Institutional investors own 15.11% of the company’s stock.

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.