Valhi, Inc. (NYSE:VHI – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday following a better than expected earnings announcement. The stock has a two hundred day moving average of $14.12 and traded as high as $16.12. Valhi shares last traded at $15.8150, with a volume of 42,282 shares.
The basic materials company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.18). Valhi had a negative net margin of 3.45% and a negative return on equity of 4.29%. The business had revenue of $606.10 million during the quarter, compared to the consensus estimate of $559.69 million.
Valhi Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.32 dividend on an annualized basis and a yield of 2.0%. Valhi’s payout ratio is presently -12.60%.
Analyst Ratings Changes
Read Our Latest Analysis on VHI
Institutional Trading of Valhi
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new stake in shares of Valhi in the second quarter valued at approximately $687,000. GSA Capital Partners LLP acquired a new position in Valhi during the 2nd quarter worth $321,000. Millennium Management LLC acquired a new position in Valhi during the 4th quarter worth $201,000. Wells Fargo & Company MN boosted its position in Valhi by 46.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,722 shares of the basic materials company’s stock valued at $33,000 after buying an additional 859 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Valhi in the 4th quarter valued at $183,000. 3.83% of the stock is currently owned by institutional investors and hedge funds.
Valhi Price Performance
The company has a market capitalization of $447.56 million, a price-to-earnings ratio of -6.23 and a beta of 0.97. 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 company has a 50 day moving average price of $14.02 and a 200 day moving average price of $14.12.
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.
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