Valhi (VHI) Stock Price Up 7.6%

Shares of Valhi, Inc. (NYSE:VHI) rose 7.6% during mid-day trading on Wednesday . The stock traded as high as $7.28 and last traded at $7.21. Approximately 689,800 shares changed hands during mid-day trading, an increase of 348% from the average daily volume of 153,851 shares. The stock had previously closed at $6.70.

VHI has been the topic of several recent analyst reports. TheStreet raised Valhi from a “c” rating to a “b-” rating in a research note on Wednesday, November 22nd. ValuEngine raised Valhi from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Barclays raised their target price on Valhi from $3.00 to $5.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 15th.

The company has a debt-to-equity ratio of -18.05, a current ratio of 3.44 and a quick ratio of 2.44. The company has a market cap of $2,445.42, a P/E ratio of 13.11 and a beta of 3.12.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Wednesday, December 6th will be paid a $0.02 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.08 annualized dividend and a dividend yield of 1.35%. Valhi’s payout ratio is presently 34.78%.

A number of institutional investors and hedge funds have recently modified their holdings of VHI. Hillsdale Investment Management Inc. purchased a new stake in Valhi in the second quarter worth about $603,000. Acadian Asset Management LLC lifted its holdings in Valhi by 7,057.8% in the second quarter. Acadian Asset Management LLC now owns 200,776 shares of the basic materials company’s stock worth $599,000 after buying an additional 197,971 shares during the period. Spark Investment Management LLC lifted its holdings in Valhi by 266.1% in the second quarter. Spark Investment Management LLC now owns 176,100 shares of the basic materials company’s stock worth $524,000 after buying an additional 128,000 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Valhi by 173.4% in the second quarter. TIAA CREF Investment Management LLC now owns 164,351 shares of the basic materials company’s stock worth $490,000 after buying an additional 104,246 shares during the period. Finally, Strs Ohio purchased a new stake in Valhi in the second quarter worth about $245,000. Institutional investors and hedge funds own 2.11% of the company’s stock.

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Valhi Company Profile

Valhi, Inc is a holding company. The Company operates through four segments: Chemicals, Component Products, Waste Management, and Real Estate Management and Development. The Company operates through its subsidiaries, including NL Industries, Inc, Kronos Worldwide, Inc (Kronos), CompX International Inc (CompX) and Waste Control Specialists LLC (WCS).

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