Valhi, Inc. engages in the chemicals, component products, and real estate management and development businesses in the Asia Pacific, Europe, North America, 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. It offers TiO2 under the KRONOS name through agents and distributors. The company's Component Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms for use in ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and cash containment machines, integrated inventory and access control secured narcotics boxes, medical cabinetry security, electronic circuit panels, storage compartments, and gas station security applications. It also provides stainless steel exhaust components, gauges, throttle controls, wake enhancement systems, trim tabs, and related hardware and accessories primarily for performance and ski/wakeboard boats. The company's Real Estate Management and Development segment offers utility services to industrial and municipal customers; owns real properties; and develops land holdings for commercial, industrial, and residential purposes. It also holds marketable securities and other investments. The company was incorporated in 1932 and is based in Dallas, Texas. Valhi, Inc. is a subsidiary of Contran Corporation.
Valhi Stock Up 0.7 %
Shares of NYSE:VHI traded up $0.28 on Friday, reaching $42.25. The company had a trading volume of 58,138 shares, compared to its average volume of 46,923. Valhi has a twelve month low of $21.53 and a twelve month high of $54.06. The stock has a 50-day moving average price of $45.97 and a 200 day moving average price of $36.85. The stock has a market capitalization of $1.19 billion, a P/E ratio of 7.34 and a beta of 1.47. The company has a quick ratio of 2.69, a current ratio of 3.63 and a debt-to-equity ratio of 0.48.
Valhi (NYSE:VHI - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The basic materials company reported $0.98 earnings per share for the quarter. Valhi had a return on equity of 14.09% and a net margin of 6.51%. The company had revenue of $634.60 million during the quarter.
Valhi Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be given a $0.08 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.76%. Valhi's dividend payout ratio is currently 5.56%.