Valhi (NYSE:VHI) Sees Strong Trading Volume – What’s Next?

Valhi, Inc. (NYSE:VHI) shares saw strong trading volume on Tuesday . Approximately 11,692 shares were traded during trading, a decline of 34% from the previous session’s volume of 17,626 shares.The stock last traded at $18.3050 and had previously closed at $18.04.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Valhi from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Valhi Stock Performance

The firm’s 50-day moving average price is $15.40 and its two-hundred day moving average price is $14.49. The company has a quick ratio of 1.90, a current ratio of 3.37 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $515.85 million, a PE ratio of -10.18 and a beta of 1.03.

Valhi (NYSE:VHI) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.18). Valhi had a negative return on equity of 2.77% and a negative net margin of 2.36%.The firm had revenue of $606.10 million for the quarter, compared to analysts’ expectations of $606.10 million.

Valhi Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.8%. Valhi’s payout ratio is currently -17.88%.

Institutional Investors Weigh In On Valhi

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Valhi during the 2nd quarter worth about $2,776,000. Empowered Funds LLC lifted its position in shares of Valhi by 1.9% in the first quarter. Empowered Funds LLC now owns 144,202 shares of the basic materials company’s stock worth $2,343,000 after purchasing an additional 2,753 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Valhi by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 59,303 shares of the basic materials company’s stock worth $715,000 after purchasing an additional 1,116 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Valhi during the second quarter worth approximately $687,000. Finally, GSA Capital Partners LLP purchased a new position in Valhi during the second quarter valued at approximately $321,000. 3.83% of the stock is owned by hedge funds and other institutional investors.

Valhi Company Profile

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.