Martingale Asset Management L P Makes New $217,000 Investment in Valhi, Inc. (NYSE:VHI)

Martingale Asset Management L P purchased a new position in shares of Valhi, Inc. (NYSE:VHI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,500 shares of the basic materials company’s stock, valued at approximately $217,000.

Other large investors also recently bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new position in shares of Valhi during the 3rd quarter worth about $1,409,000. Empowered Funds LLC boosted its position in shares of 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 acquiring an additional 12,720 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Valhi during the 3rd quarter worth about $408,000. Finally, Ritholtz Wealth Management acquired a new position in shares of Valhi during the 3rd quarter worth about $244,000. Hedge funds and other institutional investors own 3.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VHI. Barclays upped their price objective on Valhi from $11.00 to $20.00 and gave the stock an “underweight” rating in a research 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 0.9 %

Shares of NYSE VHI opened at $25.06 on Thursday. The stock has a market cap of $709.07 million, a PE ratio of 8.03 and a beta of 1.20. 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, Inc. has a 52-week low of $12.12 and a 52-week high of $41.75. The business has a 50-day moving average price of $32.39 and a 200 day moving average price of $25.23.

Valhi Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.28%. Valhi’s dividend payout ratio (DPR) is presently 10.26%.

Valhi 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.