Valhi (NYSE:VHI) Sees Strong Trading Volume

Shares of Valhi, Inc. (NYSE:VHI) saw strong trading volume on Wednesday . 38,593 shares changed hands during trading, an increase of 220% from the previous session’s volume of 12,043 shares.The stock last traded at $27.46 and had previously closed at $28.55.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Valhi from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th.

Valhi Price Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.24 and a current ratio of 3.49. The business has a 50 day moving average price of $19.96 and a 200-day moving average price of $17.46. The company has a market capitalization of $824.31 million, a price-to-earnings ratio of 1,457.00 and a beta of 1.27.

Valhi (NYSE:VHI) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.41. The firm had revenue of $559.70 million for the quarter. Valhi had a return on equity of 2.02% and a net margin of 1.27%.

Valhi Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 6th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, September 6th. Valhi’s dividend payout ratio is presently 1,600.00%.

Hedge Funds Weigh In On Valhi

A hedge fund recently raised its stake in Valhi stock. Jacobs Levy Equity Management Inc. boosted its holdings in Valhi, Inc. (NYSE:VHI) by 28.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,879 shares of the basic materials company’s stock after purchasing an additional 4,620 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.07% of Valhi worth $359,000 at the end of the most recent quarter. 3.83% of the stock is currently owned by hedge funds and other institutional investors.

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.