Valhi (NYSE:VHI) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Valhi, Inc. (NYSE:VHI)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.95 and traded as low as $13.44. Valhi shares last traded at $13.57, with a volume of 6,084 shares.

Analyst Ratings Changes

A number of analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Valhi in a research report on Wednesday. Wall Street Zen raised Valhi from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Valhi presently has a consensus rating of “Sell”.

Valhi Stock Up 0.1%

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.74 and a current ratio of 3.25. The firm has a market cap of $384.03 million, a price-to-earnings ratio of -5.34 and a beta of 0.96. The business’s 50 day moving average price is $13.95 and its 200 day moving average price is $13.95.

Valhi (NYSE:VHI) last released its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.70). Valhi had a negative net margin of 3.45% and a negative return on equity of 4.29%. The firm had revenue of $560.10 million for the quarter, compared to analyst estimates of $564.20 million.

Valhi Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, June 4th. Valhi’s payout ratio is presently -12.60%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in Valhi by 46.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,722 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 859 shares during the last quarter. Geode Capital Management LLC raised its holdings in Valhi by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 59,303 shares of the basic materials company’s stock valued at $715,000 after acquiring an additional 1,116 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Valhi in the 2nd quarter worth approximately $31,000. Empowered Funds LLC boosted its holdings in shares of Valhi by 1.9% during the 1st 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 during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Valhi by 133.9% in the second quarter. JPMorgan Chase & Co. now owns 4,867 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 2,786 shares in the last quarter. 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.