Valhi Inc. (VHI) Lowered to “Hold” at Zacks Investment Research
According to Zacks, “Valhi Inc. operates through majority-owned subsidiaries or less than majority-owned affiliates in the chemicals, component products, waste management and titanium metals industries. These subsidiaries and affiliates are NL Industries, Inc. , CompX International Inc., Waste Control Specialists LLC, and Titanium Metal Corporation. “
Valhi (NYSE:VHI) opened at 2.09 on Friday. The firm has a 50-day moving average price of $2.37 and a 200 day moving average price of $1.96. Valhi has a one year low of $0.85 and a one year high of $2.94. The firm’s market capitalization is $708.84 million.
Valhi (NYSE:VHI) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. Equities research analysts anticipate that Valhi will post ($0.07) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Tuesday, September 6th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Thursday, September 1st. Valhi’s payout ratio is -38.09%.
A number of hedge funds have recently modified their holdings of the company. BlackRock Fund Advisors boosted its stake in shares of Valhi by 35.5% in the second quarter. BlackRock Fund Advisors now owns 589,739 shares of the company’s stock worth $926,000 after buying an additional 154,520 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Valhi by 7.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 455,086 shares of the company’s stock valued at $714,000 after buying an additional 31,388 shares during the period. State Street Corp increased its stake in shares of Valhi by 7.0% in the second quarter. State Street Corp now owns 149,733 shares of the company’s stock valued at $234,000 after buying an additional 9,821 shares during the period. Creative Planning increased its stake in shares of Valhi by 243.7% in the third quarter. Creative Planning now owns 99,167 shares of the company’s stock valued at $228,000 after buying an additional 70,316 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Valhi by 10.0% in the second quarter. Bank of New York Mellon Corp now owns 72,015 shares of the company’s stock valued at $113,000 after buying an additional 6,521 shares during the period. Hedge funds and other institutional investors own 1.07% of the company’s stock.
Valhi, Inc is a holding company. The Company operates through four segments: Chemicals, Component Products, Waste Management, and Real Estate Management and Development. The Chemicals segment operates through Kronos Worldwide, Inc, which produces and markets titanium dioxide pigments. The Component Products segment operates through CompX International Inc, which manufactures security products used in the recreational transportation, postal, cabinetry, tool storage, healthcare and a range of other industries.
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