Valhi (NYSE:VHI) Share Price Passes Below 200 Day Moving Average – Here’s Why

Valhi, Inc. (NYSE:VHI)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.54 and traded as low as $20.67. Valhi shares last traded at $20.81, with a volume of 16,614 shares.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Valhi from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th.

Valhi Stock Performance

The company has a market capitalization of $588.98 million, a PE ratio of 6.67 and a beta of 1.22. The firm’s 50-day simple moving average is $23.42 and its 200-day simple moving average is $26.60. The company has a current ratio of 2.79, a quick ratio of 1.65 and a debt-to-equity ratio of 0.39.

Valhi (NYSE:VHI) last posted its quarterly earnings results on Thursday, November 7th. The basic materials company reported $2.01 EPS for the quarter. The business had revenue of $533.60 million during the quarter. Valhi had a net margin of 4.29% and a return on equity of 6.90%.

Valhi Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.54%. Valhi’s payout ratio is 10.26%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its holdings in shares of Valhi by 12.2% in the fourth quarter. Rhumbline Advisers now owns 4,325 shares of the basic materials company’s stock worth $101,000 after buying an additional 469 shares during the last quarter. Barclays PLC raised its stake in Valhi by 322.8% in the 3rd quarter. Barclays PLC now owns 3,129 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 2,389 shares during the last quarter. Martingale Asset Management L P acquired a new stake in Valhi during the 3rd quarter worth about $217,000. Ritholtz Wealth Management purchased a new stake in Valhi during the 3rd quarter valued at about $244,000. Finally, Greenwood Gearhart Inc. acquired a new position in shares of Valhi in the third quarter valued at about $268,000. 3.83% of the stock is owned by institutional investors and hedge funds.

Valhi Company Profile

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.