Valhi (NYSE:VHI) Trading Down 8.7% – What’s Next?

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

Wall Street Analyst Weigh In

Several analysts have recently commented on VHI shares. StockNews.com lowered shares of Valhi from a “strong-buy” rating to a “buy” rating in a research report on Monday. Barclays boosted their target price on Valhi from $11.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th.

Valhi Trading Down 8.3 %

The business has a fifty day simple moving average of $32.95 and a 200 day simple moving average of $24.06. The stock has a market cap of $817.02 million, a price-to-earnings ratio of 9.34 and a beta of 1.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.24 and a current ratio of 3.49.

Valhi Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, November 29th. Valhi’s dividend payout ratio (DPR) is presently 10.26%.

Hedge Funds Weigh In On Valhi

A number of large investors have recently bought and sold shares of the business. Empowered Funds LLC raised its holdings in shares of Valhi by 8.1% during the first quarter. Empowered Funds LLC now owns 117,129 shares of the basic materials company’s stock valued at $2,012,000 after buying an additional 8,750 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Valhi by 28.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 20,879 shares of the basic materials company’s stock valued at $359,000 after buying an additional 4,620 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Valhi during the third quarter valued at approximately $408,000. Ritholtz Wealth Management bought a new stake in shares of Valhi during the third quarter valued at approximately $244,000. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Valhi during the third quarter valued at approximately $1,409,000. 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.