Valhi, Inc. (NYSE:VHI – Get Free Report) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Thursday, June 4th will be paid a dividend of 0.08 per share by the basic materials company on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, June 4th.
Valhi has decreased its dividend payment by an average of 0.1%annually over the last three years. Valhi has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings.
Valhi Stock Down 1.6%
Shares of NYSE VHI opened at $12.64 on Friday. Valhi has a 12 month low of $11.44 and a 12 month high of $20.00. The company has a current ratio of 3.25, a quick ratio of 1.74 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $357.71 million, a price-to-earnings ratio of -4.98 and a beta of 0.99. The business has a 50-day moving average of $14.02 and a 200-day moving average of $13.65.
Institutional Trading of Valhi
A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in shares of Valhi by 46.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,722 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 859 shares during the period. Geode Capital Management LLC boosted its stake in shares of Valhi by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 59,303 shares of the basic materials company’s stock valued at $715,000 after purchasing an additional 1,116 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Valhi during the second quarter valued at approximately $31,000. Empowered Funds LLC boosted its stake in shares of Valhi by 1.9% during the first quarter. Empowered Funds LLC now owns 144,202 shares of the basic materials company’s stock valued at $2,343,000 after purchasing an additional 2,753 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Valhi by 133.9% during the second quarter. JPMorgan Chase & Co. now owns 4,867 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 2,786 shares during the period. Hedge funds and other institutional investors own 3.83% of the company’s stock.
About Valhi
Valhi, Inc is a diversified holding company incorporated in Delaware in 1987 and headquartered in Dallas, Texas. Through its three wholly owned subsidiaries—Kronos Worldwide, CompX International and NL Industries—Valhi participates in the manufacture and distribution of chemical and security products for industrial, commercial and consumer markets.
Kronos Worldwide is a leading independent producer of titanium dioxide pigment, a white powder that enhances brightness and opacity in paints, coatings, plastics, paper and other applications.
See Also
- Five stocks we like better than Valhi
- Biogen Stock Slides After Trial Miss, But Analysts Stay Bullish
- Intuit’s Great SaaS Reset: Fired By AI
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
Receive News & Ratings for Valhi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valhi and related companies with MarketBeat.com's FREE daily email newsletter.
