Valhi (NYSE:VHI) Stock Price Down 3.4% – Here’s What Happened

Valhi, Inc. (NYSE:VHI)’s stock price fell 3.4% during mid-day trading on Friday . The stock traded as low as $21.44 and last traded at $21.44. 2,183 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 13,292 shares. The stock had previously closed at $22.19.

Wall Street Analysts Forecast Growth

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

Valhi Price Performance

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 firm’s 50-day moving average price is $27.12 and its two-hundred day moving average price is $25.84. The stock has a market cap of $633.81 million, a PE ratio of 7.18 and a beta of 1.20.

Valhi Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.43%. Valhi’s dividend payout ratio is currently 10.26%.

Hedge Funds Weigh In On Valhi

Several institutional investors and hedge funds have recently added to or reduced their stakes in VHI. Barclays PLC lifted its position in shares of Valhi by 322.8% during the third quarter. Barclays PLC now owns 3,129 shares of the basic materials company’s stock valued at $104,000 after buying an additional 2,389 shares during the last quarter. Martingale Asset Management L P bought a new position in shares of Valhi during the 3rd quarter worth approximately $217,000. Ritholtz Wealth Management purchased a new stake in Valhi during the third quarter valued at approximately $244,000. Greenwood Gearhart Inc. acquired a new stake in Valhi in the third quarter valued at approximately $268,000. Finally, CWA Asset Management Group LLC purchased a new position in Valhi in the third quarter worth $408,000. Hedge funds and other institutional investors own 3.83% of the company’s stock.

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.