Valhi (NYSE:VHI) Shares Pass Below Two Hundred Day Moving Average - What's Next?

Key Points

• Valhi, Inc. shares fell below their 200-day moving average of $17.05, trading as low as $16.51, and currently stand at $16.99.
• Analysts have mixed outlooks for Valhi; Barclays lowered its price target from $20 to $12 with an "underweight" rating, while Wall Street Zen upgraded it from "hold" to "buy."
• Valhi recently announced a quarterly dividend of $0.08 per share, with a yield of 1.9%, to be paid on September 25th for shareholders of record as of September 5th.

Valhi, Inc. (NYSE:VHI - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.05 and traded as low as $16.51. Valhi shares last traded at $16.99, with a volume of 19,099 shares traded.

Analysts Set New Price Targets

Several research analysts have recently commented on VHI shares. Barclays reduced their price target on Valhi from $20.00 to $12.00 and set an "underweight" rating for the company in a research report on Wednesday, May 28th. Wall Street Zen raised Valhi from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th.

Valhi Trading Down 2.7%

The stock has a market capitalization of $480.68 million, a P/E ratio of 4.95 and a beta of 1.32. The company has a current ratio of 2.83, a quick ratio of 1.35 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $16.78 and a 200 day moving average price of $17.05.

Valhi (NYSE:VHI - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The basic materials company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.73). The company had revenue of $540.40 million during the quarter. Valhi had a return on equity of 7.02% and a net margin of 4.69%.

Valhi Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 5th. Valhi's dividend payout ratio is currently 9.33%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Valhi by 6,670.8% during the 1st quarter. GAMMA Investing LLC now owns 1,625 shares of the basic materials company's stock valued at $26,000 after buying an additional 1,601 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Valhi during the 2nd quarter valued at about $31,000. Public Employees Retirement System of Ohio increased its position in Valhi by 105.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,488 shares of the basic materials company's stock valued at $58,000 after buying an additional 1,279 shares in the last quarter. JPMorgan Chase & Co. increased its position in Valhi by 133.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,867 shares of the basic materials company's stock valued at $79,000 after buying an additional 2,786 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Valhi during the 4th quarter valued at about $202,000. 3.83% of the stock is owned by institutional investors and hedge funds.

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.

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