Valhi (NYSE:VHI) Stock Passes Below 200-Day Moving Average - Here's What Happened

Valhi, Inc. (NYSE:VHI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.04 and traded as low as $16.15. Valhi shares last traded at $16.33, with a volume of 19,801 shares trading hands.

Valhi Stock Down 2.3 %

The stock's fifty day moving average price is $18.24 and its 200 day moving average price is $24.79. The company has a current ratio of 2.79, a quick ratio of 1.65 and a debt-to-equity ratio of 0.39. The stock has a market cap of $456.43 million, a P/E ratio of 5.17 and a beta of 1.08.

Valhi (NYSE:VHI - Get Free Report) last released its earnings results on Thursday, March 6th. The basic materials company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.20. Valhi had a return on equity of 6.90% and a net margin of 4.29%. The business had revenue of $480.90 million for the quarter.

Valhi Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.98%. Valhi's dividend payout ratio is 8.47%.

Institutional Trading of Valhi

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Valhi by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 53,827 shares of the basic materials company's stock valued at $1,796,000 after purchasing an additional 1,794 shares in the last quarter. State Street Corp grew its stake in shares of Valhi by 3.6% during the third quarter. State Street Corp now owns 37,586 shares of the basic materials company's stock valued at $1,254,000 after buying an additional 1,307 shares during the last quarter. Barclays PLC increased its holdings in shares of Valhi by 322.8% in the third quarter. Barclays PLC now owns 3,129 shares of the basic materials company's stock worth $104,000 after buying an additional 2,389 shares during the period. CWA Asset Management Group LLC increased its holdings in shares of Valhi by 36.0% in the fourth quarter. CWA Asset Management Group LLC now owns 16,642 shares of the basic materials company's stock worth $389,000 after buying an additional 4,406 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Valhi by 107.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 32,975 shares of the basic materials company's stock valued at $1,100,000 after acquiring an additional 17,112 shares during the last quarter. Hedge funds and other institutional investors own 3.83% of the company's stock.

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About Valhi

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.