Valhi (NYSE:VHI) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Valhi shares crossed above their 200-day moving average, reaching $16.45 before closing at $16.2350, compared with a 200-day average of $14.21.
• Despite the technical rise, analyst sentiment remains negative: Weiss Ratings reiterated a “sell” rating, and MarketBeat reports an average rating of “Sell.”
• Valhi reported quarterly EPS of $0.78, missing the $0.96 consensus estimate, while revenue matched expectations at $606.1 million; the company also declared a quarterly dividend of $0.08 per share.

Shares of Valhi, Inc. (NYSE:VHI - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.21 and traded as high as $16.45. Valhi shares last traded at $16.2350, with a volume of 8,207 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Valhi in a research note on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".

Valhi Price Performance

The firm's 50 day moving average price is $14.24 and its two-hundred day moving average price is $14.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.37 and a quick ratio of 1.90. The stock has a market cap of $459.79 million, a PE ratio of -9.07 and a beta of 0.97.

Valhi (NYSE:VHI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.96 by ($0.18). The business had revenue of $606.10 million for the quarter, compared to analysts' expectations of $606.10 million. Valhi had a negative net margin of 2.36% and a negative return on equity of 2.77%.

Valhi Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.32 annualized dividend and a dividend yield of 2.0%. Valhi's dividend payout ratio is currently -17.88%.

Hedge Funds Weigh In On Valhi

Large investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Valhi in the second quarter valued at $148,000. BlackRock Inc. purchased a new stake in Valhi during the 2nd quarter worth about $2,776,000. Bank of New York Mellon Corp bought a new position in Valhi in the 2nd quarter worth about $687,000. GSA Capital Partners LLP bought a new position in Valhi in the 2nd quarter worth about $321,000. Finally, Millennium Management LLC bought a new position in Valhi in the 4th quarter worth about $201,000. 3.83% of the stock is owned by institutional investors.

About Valhi

Valhi, Inc is a diversified holding company incorporated in Delaware in 1987 and headquartered in Dallas, Texas. Through its three wholly owned subsidiaries—Kronos Worldwide, CompX International and NL Industries—Valhi participates in the manufacture and distribution of chemical and security products for industrial, commercial and consumer markets.

Kronos Worldwide is a leading independent producer of titanium dioxide pigment, a white powder that enhances brightness and opacity in paints, coatings, plastics, paper and other applications.

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