Valhi Inc. (NYSE:VHI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Saturday.
According to Zacks, “Valhi Inc. operates through majority-owned subsidiaries or less than majority-owned affiliates in the chemicals, component products, waste management and titanium metals industries. These subsidiaries and affiliates are NL Industries, Inc. , CompX International Inc., Waste Control Specialists LLC, and Titanium Metal Corporation. “
Valhi (NYSE:VHI) opened at 2.09 on Friday. The firm’s 50 day moving average is $2.37 and its 200-day moving average is $1.96. Valhi has a 52 week low of $0.85 and a 52 week high of $2.94. The company’s market cap is $708.84 million.
Valhi (NYSE:VHI) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. On average, analysts predict that Valhi will post ($0.07) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Tuesday, September 6th were paid a $0.02 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.83%. Valhi’s payout ratio is currently -38.09%.
Several institutional investors have recently added to or reduced their stakes in VHI. Societe Generale purchased a new position in Valhi during the second quarter worth approximately $105,000. SG Americas Securities LLC boosted its position in Valhi by 53.9% in the second quarter. SG Americas Securities LLC now owns 67,129 shares of the company’s stock worth $105,000 after buying an additional 23,523 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Valhi by 10.0% in the second quarter. Bank of New York Mellon Corp now owns 72,015 shares of the company’s stock worth $113,000 after buying an additional 6,521 shares in the last quarter. Creative Planning boosted its position in Valhi by 243.7% in the third quarter. Creative Planning now owns 99,167 shares of the company’s stock worth $228,000 after buying an additional 70,316 shares in the last quarter. Finally, State Street Corp boosted its position in Valhi by 7.0% in the second quarter. State Street Corp now owns 149,733 shares of the company’s stock worth $234,000 after buying an additional 9,821 shares in the last quarter. 1.07% of the stock is owned by hedge funds and other institutional investors.
Valhi, Inc is a holding company. The Company operates through four segments: Chemicals, Component Products, Waste Management, and Real Estate Management and Development. The Chemicals segment operates through Kronos Worldwide, Inc, which produces and markets titanium dioxide pigments. The Component Products segment operates through CompX International Inc, which manufactures security products used in the recreational transportation, postal, cabinetry, tool storage, healthcare and a range of other industries.