Valhi, Inc. (NYSE:VHI - Get Free Report)'s share price traded down 3.4% on Friday . The stock traded as low as $21.44 and last traded at $21.44. 2,183 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 13,292 shares. The stock had previously closed at $22.19.
Analyst Ratings Changes
VHI has been the topic of a number of recent analyst reports. StockNews.com cut Valhi from a "strong-buy" rating to a "buy" rating in a report on Monday, November 11th. Barclays upped their price target on Valhi from $11.00 to $20.00 and gave the stock an "underweight" rating in a research note on Wednesday, September 25th.
Read Our Latest Stock Analysis on Valhi
Valhi Stock Performance
The firm has a market cap of $633.81 million, a PE ratio of 7.18 and a beta of 1.20. The firm's 50 day simple moving average is $27.36 and its 200 day simple moving average is $25.76. The company has a current ratio of 2.79, a quick ratio of 1.65 and a debt-to-equity ratio of 0.39.
Valhi Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, November 29th. Valhi's dividend payout ratio is presently 10.26%.
Institutional Trading of Valhi
Several hedge funds have recently modified their holdings of VHI. State Street Corp grew its position in Valhi by 3.6% in the third quarter. State Street Corp now owns 37,586 shares of the basic materials company's stock worth $1,254,000 after acquiring an additional 1,307 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $1,796,000 after purchasing an additional 1,794 shares during the period. Barclays PLC increased its position in shares of Valhi by 322.8% during the 3rd quarter. Barclays PLC now owns 3,129 shares of the basic materials company's stock valued at $104,000 after purchasing an additional 2,389 shares during the last quarter. Martingale Asset Management L P bought a new stake in Valhi in the third quarter worth $217,000. Finally, Ritholtz Wealth Management purchased a new position in Valhi during the third quarter worth $244,000. 3.83% of the stock is owned by hedge funds and other institutional investors.
About Valhi
(
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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