Valhi, Inc. (VHI) Stake Lowered by California Public Employees Retirement System
California Public Employees Retirement System cut its stake in Valhi, Inc. (NYSE:VHI) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,300 shares of the basic materials company’s stock after selling 9,800 shares during the period. California Public Employees Retirement System’s holdings in Valhi were worth $746,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Valhi by 162.9% in the fourth quarter. Renaissance Technologies LLC now owns 539,800 shares of the basic materials company’s stock valued at $1,868,000 after buying an additional 334,500 shares in the last quarter. Americafirst Capital Management LLC bought a new position in shares of Valhi during the first quarter valued at approximately $186,000. Bank of New York Mellon Corp raised its position in shares of Valhi by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 722,938 shares of the basic materials company’s stock valued at $2,371,000 after buying an additional 44,719 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Valhi during the first quarter valued at approximately $157,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of Valhi by 3.4% in the first quarter. TIAA CREF Investment Management LLC now owns 60,105 shares of the basic materials company’s stock valued at $197,000 after buying an additional 1,986 shares in the last quarter. Hedge funds and other institutional investors own 1.83% of the company’s stock.
Shares of Valhi, Inc. (NYSE:VHI) traded down 1.30% during midday trading on Thursday, reaching $2.28. 6,153 shares of the company traded hands. Valhi, Inc. has a 12 month low of $1.84 and a 12 month high of $4.10. The stock has a market capitalization of $773.31 million, a price-to-earnings ratio of 25.33 and a beta of 2.59. The company’s 50 day moving average is $3.02 and its 200-day moving average is $3.24.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Tuesday, September 5th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.46%. Valhi’s dividend payout ratio (DPR) is presently 72.73%.
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Several equities analysts have recently commented on VHI shares. TheStreet upgraded shares of Valhi from a “d+” rating to a “c” rating in a report on Thursday, May 11th. BidaskClub upgraded shares of Valhi from a “hold” rating to a “buy” rating in a report on Thursday, June 15th.
Valhi Company Profile
Valhi, Inc is a holding company. The Company operates through four segments: Chemicals, Component Products, Waste Management, and Real Estate Management and Development. The Company operates through its subsidiaries, including NL Industries, Inc, Kronos Worldwide, Inc (Kronos), CompX International Inc (CompX) and Waste Control Specialists LLC (WCS).
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