Valhi Inc. (VHI) Shares Up 9%
Valhi Inc. (NYSE:VHI) shot up 9% on Tuesday . The stock traded as high as $2.29 and last traded at $2.19, with a volume of 519,268 shares. The stock had previously closed at $2.01.
Separately, Zacks Investment Research upgraded Valhi from a “sell” rating to a “hold” rating in a research note on Saturday, June 11th.
The stock’s market capitalization is $763.11 million. The company’s 50-day moving average price is $1.85 and its 200 day moving average price is $1.67.
Valhi (NYSE:VHI) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. On average, equities analysts predict that Valhi Inc. will post ($0.07) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Tuesday, September 6th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.08 annualized dividend and a dividend yield of 3.56%.
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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