Valhi (NYSE:VHI) Stock Price Down 6.2% – Here’s Why

Valhi, Inc. (NYSE:VHI) shares traded down 6.2% during trading on Tuesday . The stock traded as low as $24.92 and last traded at $24.92. 8,906 shares traded hands during trading, a decline of 47% from the average session volume of 16,665 shares. The stock had previously closed at $26.56.

Analysts Set New Price Targets

VHI has been the subject of several recent research reports. Barclays increased their price objective on Valhi from $11.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. StockNews.com downgraded shares of Valhi from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th.

Valhi Stock Down 3.7 %

The company has a market capitalization of $724.20 million, a PE ratio of 8.03 and a beta of 1.20. The firm has a 50-day moving average of $32.47 and a two-hundred day moving average of $25.19. The company has a quick ratio of 1.65, a current ratio of 2.79 and a debt-to-equity ratio of 0.39.

Valhi Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.25%. Valhi’s dividend payout ratio (DPR) is presently 10.26%.

Hedge Funds Weigh In On Valhi

A number of institutional investors and hedge funds have recently modified their holdings of VHI. Segall Bryant & Hamill LLC purchased a new stake in Valhi in the third quarter valued at $1,409,000. Empowered Funds LLC raised its position in Valhi by 10.1% during the 3rd 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. CWA Asset Management Group LLC purchased a new stake in Valhi in the 3rd quarter valued at approximately $408,000. Ritholtz Wealth Management acquired a new position in Valhi during the third quarter worth $244,000. Finally, Barclays PLC grew its stake in shares of Valhi by 322.8% during the 3rd quarter. Barclays PLC now owns 3,129 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 2,389 shares during the period. Institutional investors and hedge funds 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.