Valhi (VHI) Sets New 1-Year High at $7.15
Valhi, Inc. (NYSE:VHI) hit a new 52-week high on Tuesday . The company traded as high as $7.15 and last traded at $6.70, with a volume of 419100 shares changing hands. The stock had previously closed at $6.59.
A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Valhi from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. BidaskClub lowered shares of Valhi from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Barclays raised their price objective on shares of Valhi from $3.00 to $5.00 and gave the company an “underweight” rating in a report on Wednesday, November 15th. Finally, TheStreet upgraded shares of Valhi from a “c” rating to a “b-” rating in a report on Wednesday, November 22nd.
The firm has a market capitalization of $1,910.00, a price-to-earnings ratio of 12.18 and a beta of 3.12. The company has a debt-to-equity ratio of -18.05, a quick ratio of 2.44 and a current ratio of 3.44.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Wednesday, December 6th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.08 annualized dividend and a yield of 1.54%. Valhi’s dividend payout ratio is currently 36.36%.
A number of large investors have recently made changes to their positions in VHI. Hillsdale Investment Management Inc. acquired a new stake in Valhi during the 2nd quarter worth $603,000. Acadian Asset Management LLC raised its stake in Valhi by 7,057.8% during the 2nd quarter. Acadian Asset Management LLC now owns 200,776 shares of the basic materials company’s stock worth $599,000 after acquiring an additional 197,971 shares in the last quarter. Spark Investment Management LLC raised its stake in Valhi by 266.1% during the 2nd quarter. Spark Investment Management LLC now owns 176,100 shares of the basic materials company’s stock worth $524,000 after acquiring an additional 128,000 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Valhi by 173.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 164,351 shares of the basic materials company’s stock worth $490,000 after acquiring an additional 104,246 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Valhi during the 2nd quarter worth $245,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.
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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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