Valhi (NYSE:VHI) Sees Strong Trading Volume – Here’s What Happened

Valhi, Inc. (NYSE:VHI) shares saw an uptick in trading volume on Thursday . 73,465 shares traded hands during trading, an increase of 248% from the previous session’s volume of 21,084 shares.The stock last traded at $18.91 and had previously closed at $18.60.

Valhi Price Performance

The company has a 50 day moving average of $19.69 and a 200-day moving average of $25.68. The firm has a market capitalization of $497.14 million, a P/E ratio of 5.63 and a beta of 1.19. The company has a current ratio of 2.79, a quick ratio of 1.65 and a debt-to-equity ratio of 0.39.

Valhi (NYSE:VHI) last posted its quarterly earnings results on Thursday, March 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.20. Valhi had a net margin of 4.29% and a return on equity of 6.90%. The business had revenue of $480.90 million during the quarter.

Valhi Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, March 17th. Valhi’s dividend payout ratio (DPR) is presently 8.47%.

Institutional Investors Weigh In On Valhi

A number of institutional investors and hedge funds have recently bought and sold shares of VHI. Segall Bryant & Hamill LLC bought a new stake in shares of Valhi in the 3rd quarter worth $1,409,000. Martingale Asset Management L P bought a new stake in Valhi in the 3rd quarter worth about $217,000. Jacobs Levy Equity Management Inc. increased its stake in Valhi by 107.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 32,975 shares of the basic materials company’s stock valued at $1,100,000 after buying an additional 17,112 shares during the last quarter. State Street Corp lifted its position in shares of Valhi by 3.6% during the 3rd quarter. State Street Corp now owns 37,586 shares of the basic materials company’s stock worth $1,254,000 after buying an additional 1,307 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Valhi by 322.8% in the 3rd quarter. Barclays PLC now owns 3,129 shares of the basic materials company’s stock worth $104,000 after buying an additional 2,389 shares during the last quarter. 3.83% of the stock is 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.