Valhi (NYSE:VHI) Trading Down 6.4% – What’s Next?

Valhi, Inc. (NYSE:VHI)’s share price dropped 6.4% on Tuesday . The company traded as low as $23.28 and last traded at $22.53. Approximately 3,730 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 14,942 shares. The stock had previously closed at $24.07.

Analyst Ratings Changes

A number of research analysts recently issued reports on VHI shares. Barclays raised their target price on shares of Valhi from $11.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. StockNews.com lowered Valhi from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th.

Valhi Stock Down 1.5 %

The firm has a 50-day moving average price of $24.09 and a two-hundred day moving average price of $26.28. The company has a market capitalization of $670.99 million, a P/E ratio of 7.60 and a beta of 1.22. The company has a quick ratio of 1.65, a current ratio of 2.79 and a debt-to-equity ratio of 0.39.

Valhi Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 1.35%. Valhi’s dividend payout ratio is 10.26%.

Institutional Trading of Valhi

Hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new position in shares of Valhi during the 3rd quarter worth about $1,409,000. Geode Capital Management LLC boosted its holdings in Valhi by 3.4% during the third 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% in the 3rd quarter. State Street Corp now owns 37,586 shares of the basic materials company’s stock valued at $1,254,000 after purchasing an additional 1,307 shares during the period. Barclays PLC raised its holdings in shares of Valhi by 322.8% in the 3rd 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 in the last quarter. Finally, Martingale Asset Management L P bought a new position in shares of Valhi during the 3rd quarter worth approximately $217,000. Institutional investors own 3.83% of the company’s stock.

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.