Valhi (NYSE:VHI) Stock Price Down 8.7% – Here’s Why

Valhi, Inc. (NYSE:VHI)’s share price was down 8.7% on Tuesday . The company traded as low as $28.73 and last traded at $28.73. Approximately 21,018 shares were traded during trading, an increase of 36% from the average daily volume of 15,436 shares. The stock had previously closed at $31.47.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VHI. Barclays upped their price objective on shares of Valhi from $11.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th. StockNews.com downgraded Valhi from a “strong-buy” rating to a “buy” rating in a research note on Monday.

Valhi Stock Down 3.6 %

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 firm’s fifty day moving average is $32.90 and its 200 day moving average is $24.18. The stock has a market cap of $745.01 million, a P/E ratio of 8.76 and a beta of 1.29.

Valhi Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, November 29th. Valhi’s dividend payout ratio (DPR) is currently 10.26%.

Hedge Funds Weigh In On Valhi

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. boosted its holdings in Valhi by 28.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 20,879 shares of the basic materials company’s stock valued at $359,000 after purchasing an additional 4,620 shares during the period. Martingale Asset Management L P acquired a new position in shares of Valhi during the third quarter valued at about $217,000. Ritholtz Wealth Management bought a new stake in shares of Valhi in the third quarter valued at about $244,000. CWA Asset Management Group LLC acquired a new stake in Valhi during the third quarter worth about $408,000. Finally, Empowered Funds LLC raised its holdings in Valhi by 10.1% in the 3rd quarter. Empowered Funds LLC now owns 138,849 shares of the basic materials company’s stock valued at $4,633,000 after acquiring an additional 12,720 shares in the last quarter. Institutional investors own 3.83% of the company’s stock.

Valhi Company Profile

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.