Valhi, Inc. (NYSE:VHI) Shares Purchased by State Street Corp

State Street Corp raised its stake in shares of Valhi, Inc. (NYSE:VHI) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,586 shares of the basic materials company’s stock after acquiring an additional 1,307 shares during the period. State Street Corp’s holdings in Valhi were worth $1,254,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Martingale Asset Management L P purchased a new stake in shares of Valhi in the third quarter valued at about $217,000. Ritholtz Wealth Management purchased a new position in Valhi during the third quarter worth about $244,000. CWA Asset Management Group LLC acquired a new stake in Valhi in the third quarter valued at about $408,000. Jacobs Levy Equity Management Inc. boosted its holdings in Valhi by 107.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 32,975 shares of the basic materials company’s stock valued at $1,100,000 after purchasing an additional 17,112 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Valhi during the 3rd quarter worth approximately $1,409,000. 3.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Valhi Stock Down 5.1 %

VHI stock opened at $22.19 on Friday. 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 company’s 50-day moving average price is $27.36 and its 200 day moving average price is $25.76. Valhi, Inc. has a 52 week low of $12.12 and a 52 week high of $41.75. The company has a market cap of $627.87 million, a P/E ratio of 7.11 and a beta of 1.20.

Valhi Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, November 29th. Valhi’s dividend payout ratio (DPR) is 10.26%.

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.