Valhi, Inc. (NYSE:VHI) Shares Bought by State Street Corp

State Street Corp raised its position in Valhi, Inc. (NYSE:VHI) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,586 shares of the basic materials company’s stock after purchasing an additional 1,307 shares during the period. State Street Corp owned 0.13% of Valhi worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of VHI. Martingale Asset Management L P acquired a new position in shares of Valhi during the third quarter worth $217,000. Ritholtz Wealth Management purchased a new stake in Valhi during the 3rd quarter worth about $244,000. CWA Asset Management Group LLC acquired a new position in shares of Valhi during the 3rd quarter worth about $408,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Valhi by 107.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 32,975 shares of the basic materials company’s stock worth $1,100,000 after acquiring an additional 17,112 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Valhi in the 3rd quarter valued at about $1,409,000. 3.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VHI. Barclays upped their price target on Valhi from $11.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. StockNews.com cut shares of Valhi from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th.

Valhi Stock Performance

Shares of VHI stock opened at $22.19 on Friday. The stock’s 50-day moving average is $27.36 and its two-hundred day moving average is $25.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.65 and a current ratio of 2.79. Valhi, Inc. has a 1 year low of $12.12 and a 1 year high of $41.75. The firm has a market cap of $627.87 million, a price-to-earnings ratio of 7.11 and a beta of 1.20.

Valhi Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.44%. Valhi’s dividend payout ratio is presently 10.26%.

About Valhi

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.