Valhi (NYSE:VHI) Shares Down 7.1% – Here’s What Happened

by · The Cerbat Gem

Valhi, Inc. (NYSE:VHI – Get Free Report)’s stock price dropped 7.1% during mid-day trading on Wednesday . The company traded as low as $34.22 and last traded at $34.62. Approximately 12,371 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 13,942 shares. The stock had previously closed at $37.26.

Analysts Set New Price Targets

VHI has been the topic of a number of recent research reports. Barclays upped their target price on shares of Valhi from $11.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. StockNews.com upgraded shares of Valhi from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th.

Get Our Latest Report on Valhi

Valhi Stock Performance

The company has a market capitalization of $973.11 million, a PE ratio of 1,762.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.24 and a current ratio of 3.49. The stock’s fifty day simple moving average is $30.82 and its 200-day simple moving average is $22.18.

Valhi (NYSE:VHI – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.41. The business had revenue of $559.70 million for the quarter. Valhi had a net margin of 1.27% and a return on equity of 2.02%.

Valhi Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 6th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, September 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.93%. Valhi’s payout ratio is currently 1,600.00%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ritholtz Wealth Management purchased a new position in shares of Valhi during the 3rd quarter worth about $244,000. Jacobs Levy Equity Management Inc. increased its position in Valhi by 28.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 20,879 shares of the basic materials company’s stock worth $359,000 after purchasing an additional 4,620 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Valhi by 8.1% during the 1st quarter. Empowered Funds LLC now owns 117,129 shares of the basic materials company’s stock worth $2,012,000 after purchasing an additional 8,750 shares in the last quarter. 3.83% of the stock is currently owned by hedge funds and other institutional investors.

Valhi Company Profile

(Get Free Report)

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally. The company’s Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.

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