Valhi (NYSE:VHI) Stock Price Down 8.7% – What’s Next?

Valhi, Inc. (NYSE:VHI)’s stock price dropped 8.7% on Tuesday . The company traded as low as $28.73 and last traded at $28.73. Approximately 21,018 shares changed hands during trading, an increase of 36% from the average daily volume of 15,436 shares. The stock had previously closed at $31.47.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Valhi from a “strong-buy” rating to a “buy” rating in a report on Monday. Barclays upped their price objective on Valhi from $11.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th.

Valhi Stock Performance

The company has a market cap of $745.01 million, a P/E ratio of 8.76 and a beta of 1.29. The stock has a fifty day moving average price of $32.90 and a two-hundred day moving average price of $24.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.79 and a quick ratio of 1.65.

Valhi Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, November 29th. Valhi’s dividend payout ratio is currently 10.26%.

Institutional Trading of Valhi

A number of institutional investors have recently made changes to their positions in VHI. Empowered Funds LLC lifted its holdings in shares of Valhi by 10.1% during the third quarter. Empowered Funds LLC now owns 138,849 shares of the basic materials company’s stock valued at $4,633,000 after purchasing an additional 12,720 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Valhi in the third quarter worth about $1,409,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Valhi by 28.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 20,879 shares of the basic materials company’s stock worth $359,000 after buying an additional 4,620 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of Valhi in the third quarter worth approximately $408,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Valhi in the 3rd quarter valued at approximately $244,000. 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.