Valhi (NYSE:VHI) Shares Gap Down to $18.45

Posted by Karen Miller on Jun 25th, 2024

Valhi, Inc. (NYSE:VHI – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $18.45, but opened at $18.00. Valhi shares last traded at $18.41, with a volume of 4,170 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Valhi in a research report on Sunday. They set a “buy” rating on the stock.

View Our Latest Analysis on Valhi

Valhi Trading Down 3.1 %

The business has a fifty day simple moving average of $17.38 and a 200 day simple moving average of $15.64. The stock has a market cap of $505.83 million, a price-to-earnings ratio of 922.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.14 and a current ratio of 3.45.

Valhi (NYSE:VHI – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.27 earnings per share for the quarter. Valhi had a return on equity of 0.05% and a net margin of 0.03%. The company had revenue of $530.60 million for the quarter.

Valhi Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, June 10th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Monday, June 10th. Valhi’s dividend payout ratio (DPR) is currently 1,600.00%.

Institutional Trading of Valhi

A hedge fund recently raised its stake in Valhi stock. Empowered Funds LLC grew its holdings in shares of Valhi, Inc. (NYSE:VHI – Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,129 shares of the basic materials company’s stock after acquiring an additional 8,750 shares during the period. Empowered Funds LLC owned about 0.41% of Valhi worth $2,012,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.83% of the company’s stock.

About Valhi

(Get Free Report)

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.