Valhi (NYSE:VHI) Trading Down 6.4% – Here’s What Happened

Shares of Valhi, Inc. (NYSE:VHI) dropped 6.4% during mid-day trading on Tuesday . The stock traded as low as $23.28 and last traded at $22.53. Approximately 3,730 shares changed hands during trading, a decline of 75% from the average daily volume of 14,942 shares. The stock had previously closed at $24.07.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com downgraded Valhi from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Barclays boosted their price target on shares of Valhi from $11.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th.

Valhi Trading Down 1.5 %

The company has a current ratio of 2.79, a quick ratio of 1.65 and a debt-to-equity ratio of 0.39. The stock has a market cap of $670.99 million, a price-to-earnings ratio of 7.60 and a beta of 1.22. The company has a fifty day simple moving average of $24.09 and a 200-day simple moving average of $26.28.

Valhi Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, November 29th. Valhi’s dividend payout ratio (DPR) is presently 10.26%.

Institutional Investors Weigh In On Valhi

Institutional investors have recently made changes to their positions in the company. Ritholtz Wealth Management bought a new position in shares of Valhi during the 3rd quarter valued at $244,000. CWA Asset Management Group LLC bought a new position in Valhi during the third quarter valued at about $408,000. Empowered Funds LLC lifted its position in shares of Valhi by 10.1% in the third quarter. Empowered Funds LLC now owns 138,849 shares of the basic materials company’s stock worth $4,633,000 after buying an additional 12,720 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Valhi during the 3rd quarter worth about $1,409,000. Finally, Martingale Asset Management L P acquired a new position in shares of Valhi during the 3rd quarter valued at about $217,000. 3.83% of the stock is currently owned by institutional investors and hedge funds.

About Valhi

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally. The company’s Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.