Valhi Inc. (NYSE:VHI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Saturday.

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. Valhi has a 52 week low of $0.85 and a 52 week high of $2.94. The company has a 50 day moving average price of $2.37 and a 200-day moving average price of $1.96. The company’s market capitalization is $708.84 million.

Valhi (NYSE:VHI) last announced its earnings results on Monday, August 8th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. On average, equities analysts anticipate that Valhi will post ($0.07) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Tuesday, September 6th were issued a $0.02 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.08 annualized dividend and a dividend yield of 3.83%. Valhi’s payout ratio is currently -38.09%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning increased its position 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. State Street Corp increased its position 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. BlackRock Institutional Trust Company N.A. increased its position 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. BlackRock Fund Advisors increased its position in shares of Valhi by 35.5% in the second quarter. BlackRock Fund Advisors now owns 589,739 shares of the company’s stock valued at $926,000 after buying an additional 154,520 shares during the period. Finally, BlackRock Investment Management LLC increased its position in shares of Valhi by 24.4% in the second quarter. BlackRock Investment Management LLC now owns 69,432 shares of the company’s stock valued at $109,000 after buying an additional 13,625 shares during the period. Institutional investors own 1.07% of the company’s stock.

About Valhi

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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