Valhi Inc. (VHI) Lowered to Hold at Zacks Investment Research
Valhi Inc. (NYSE:VHI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued 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. “
Shares of 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 52 week low of $0.85 and a 52 week 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) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. On average, equities analysts expect that Valhi will post ($0.07) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Tuesday, September 6th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Thursday, September 1st. Valhi’s dividend payout ratio is presently -38.09%.
Several hedge funds have recently bought and sold shares of VHI. Bank of New York Mellon Corp increased its stake in Valhi by 10.0% in the second quarter. Bank of New York Mellon Corp now owns 72,015 shares of the company’s stock worth $113,000 after buying an additional 6,521 shares in the last quarter. Societe Generale purchased a new stake in Valhi during the second quarter worth approximately $105,000. SG Americas Securities LLC increased its stake in Valhi by 53.9% in the second quarter. SG Americas Securities LLC now owns 67,129 shares of the company’s stock worth $105,000 after buying an additional 23,523 shares in the last quarter. BlackRock Investment Management LLC increased its stake in Valhi by 24.4% in the second quarter. BlackRock Investment Management LLC now owns 69,432 shares of the company’s stock worth $109,000 after buying an additional 13,625 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in 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 in the last quarter. 1.07% of the stock is currently owned by institutional investors.
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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