Valhi, Inc. (NYSE:VHI – Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $17.65 and last traded at $17.9790, with a volume of 15405 shares trading hands. The stock had previously closed at $16.79.
Analyst Ratings Changes
Separately, Weiss Ratings raised Valhi from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Report on Valhi
Valhi Stock Up 6.5%
Valhi (NYSE:VHI – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.18). The company had revenue of $606.10 million for the quarter, compared to the consensus estimate of $606.10 million. Valhi had a negative return on equity of 2.77% and a negative net margin of 2.36%.
Valhi Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.32 annualized dividend and a yield of 1.8%. Valhi’s payout ratio is presently -17.88%.
Institutional Trading of Valhi
A number of hedge funds and other institutional investors have recently modified their holdings of VHI. Raymond James Financial Inc. acquired a new stake in shares of Valhi in the second quarter valued at $31,000. Wells Fargo & Company MN grew its holdings in Valhi by 46.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,722 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 859 shares during the period. JPMorgan Chase & Co. raised its position in Valhi by 133.9% in the second quarter. JPMorgan Chase & Co. now owns 4,867 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 2,786 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Valhi in the fourth quarter worth about $80,000. Finally, Deutsche Bank AG lifted its holdings in Valhi by 145.0% in the 4th quarter. Deutsche Bank AG now owns 7,006 shares of the basic materials company’s stock valued at $84,000 after acquiring an additional 4,146 shares during the last quarter. 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.
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