BidaskClub Downgrades Valhi, Inc. (VHI) to Sell
Valhi, Inc. (NYSE:VHI) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
Separately, TheStreet upgraded shares of Valhi from a “d+” rating to a “c” rating in a research note on Thursday, May 11th.
Valhi (NYSE:VHI) traded down 2.9902% during midday trading on Thursday, hitting $2.9782. 92,522 shares of the company traded hands. Valhi has a 12-month low of $1.34 and a 12-month high of $4.10. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 62.0458 and a beta of 2.44. The stock’s 50-day moving average price is $3.39 and its 200 day moving average price is $3.35.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Tuesday, June 6th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, June 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.61%. Valhi’s dividend payout ratio (DPR) is currently 133.36%.
A number of hedge funds have recently added to or reduced their stakes in VHI. Societe Generale purchased a new stake in Valhi during the second quarter valued at about $105,000. SG Americas Securities LLC boosted its position in Valhi by 53.9% in the second quarter. SG Americas Securities LLC now owns 67,129 shares of the basic materials company’s stock valued at $105,000 after buying an additional 23,523 shares during the last quarter. Creative Planning boosted its position in Valhi by 243.7% in the third quarter. Creative Planning now owns 99,167 shares of the basic materials company’s stock valued at $228,000 after buying an additional 70,316 shares during the last quarter. State Street Corp boosted its position in Valhi by 42.3% in the fourth quarter. State Street Corp now owns 267,049 shares of the basic materials company’s stock valued at $924,000 after buying an additional 79,399 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Valhi by 162.9% in the fourth quarter. Renaissance Technologies LLC now owns 539,800 shares of the basic materials company’s stock valued at $1,868,000 after buying an additional 334,500 shares during the last quarter. 1.67% of the stock is owned by institutional investors and hedge funds.
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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