Lazard Asset Management LLC Acquires 3,702 Shares of Valhi, Inc. (NYSE:VHI)

Lazard Asset Management LLC boosted its holdings in shares of Valhi, Inc. (NYSE:VHIGet Rating) by 116.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,872 shares of the basic materials company’s stock after purchasing an additional 3,702 shares during the period. Lazard Asset Management LLC’s holdings in Valhi were worth $311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in Valhi by 8.4% during the first quarter. Renaissance Technologies LLC now owns 161,717 shares of the basic materials company’s stock worth $4,740,000 after purchasing an additional 12,500 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Valhi by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 88,170 shares of the basic materials company’s stock valued at $2,584,000 after acquiring an additional 3,706 shares during the last quarter. State Street Corp lifted its stake in shares of Valhi by 21.0% in the 1st quarter. State Street Corp now owns 27,288 shares of the basic materials company’s stock valued at $800,000 after acquiring an additional 4,728 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Valhi by 50.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,686 shares of the basic materials company’s stock valued at $636,000 after acquiring an additional 7,274 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Valhi by 22.9% in the 1st quarter. Acadian Asset Management LLC now owns 20,441 shares of the basic materials company’s stock valued at $595,000 after acquiring an additional 3,815 shares during the last quarter. 4.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Valhi from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 7th.

Valhi Stock Up 0.2 %

Shares of VHI opened at $23.98 on Friday. Valhi, Inc. has a 52 week low of $20.83 and a 52 week high of $54.06. The stock has a market capitalization of $678.15 million, a price-to-earnings ratio of 4.51 and a beta of 1.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 3.34. The stock has a fifty day moving average of $25.89 and a 200-day moving average of $37.12.

Valhi Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, November 30th. Valhi’s dividend payout ratio is currently 6.02%.

Valhi Company Profile

(Get Rating)

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in the Asia Pacific, Europe, North America, 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.

Featured Articles

Institutional Ownership by Quarter for Valhi (NYSE:VHI)

Receive News & Ratings for Valhi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valhi and related companies with MarketBeat.com's FREE daily email newsletter.