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Valhi (NYSE:VHI) Reaches New 12-Month High Following Analyst Upgrade

Valhi logo with Basic Materials background

Valhi, Inc. (NYSE:VHI - Get Free Report) hit a new 52-week high on Thursday after Barclays raised their price target on the stock from $11.00 to $20.00. Barclays currently has an underweight rating on the stock. Valhi traded as high as $34.33 and last traded at $34.33, with a volume of 136 shares. The stock had previously closed at $34.14.

Separately, StockNews.com raised shares of Valhi from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th.

Check Out Our Latest Analysis on Valhi

Institutional Inflows and Outflows

An institutional investor recently raised its position in Valhi stock. Empowered Funds LLC lifted its position in Valhi, Inc. (NYSE:VHI - Free Report) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,129 shares of the basic materials company's stock after buying an additional 8,750 shares during the quarter. Empowered Funds LLC owned about 0.41% of Valhi worth $2,012,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.83% of the company's stock.

Valhi Stock Performance

The company has a quick ratio of 2.24, a current ratio of 3.49 and a debt-to-equity ratio of 0.39. The stock's fifty day moving average is $24.29 and its two-hundred day moving average is $19.53. The firm has a market capitalization of $970.41 million, a price-to-earnings ratio of 1,729.50 and a beta of 1.28.

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

Valhi Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, September 6th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.32 annualized dividend and a yield of 0.93%. Valhi's dividend payout ratio is currently 1,600.00%.

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.

Further Reading

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