Valhi (NYSE:VHI) Shares Gap Up to $17.38

Valhi, Inc. (NYSE:VHIGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $17.38, but opened at $17.74. Valhi shares last traded at $17.74, with a volume of 263 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Valhi in a research note on Monday. They issued a “buy” rating for the company.

Check Out Our Latest Research Report on Valhi

Valhi Stock Performance

The company has a quick ratio of 2.14, a current ratio of 3.45 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $17.71 and a 200 day simple moving average of $15.80. The company has a market capitalization of $486.87 million, a price-to-earnings ratio of 860.50 and a beta of 1.27.

Valhi (NYSE:VHIGet Free Report) last issued its earnings results on Thursday, May 9th. The basic materials company reported $0.27 EPS 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 during the quarter.

Valhi Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Monday, June 10th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.32 dividend on an annualized basis and a yield of 1.86%. Valhi’s payout ratio is currently 1,600.00%.

Institutional Investors Weigh In On Valhi

An institutional investor recently raised its position in Valhi stock. Empowered Funds LLC grew its holdings in shares of Valhi, Inc. (NYSE:VHIFree Report) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,129 shares of the basic materials company’s stock after buying an additional 8,750 shares during the period. Empowered Funds LLC owned 0.41% of Valhi worth $2,012,000 as of its most recent filing with the Securities and Exchange Commission. 3.83% of the stock is currently owned by institutional investors and hedge funds.

Valhi Company Profile

(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.

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