Valhi, Inc. (NYSE:VHI) shares rose 10.1% on Friday . The stock traded as high as $6.95 and last traded at $6.95. Approximately 537,127 shares traded hands during trading, an increase of 204% from the average daily volume of 176,660 shares. The stock had previously closed at $6.31.
VHI has been the topic of several recent analyst reports. TheStreet raised Valhi from a “c” rating to a “b-” rating in a research report on Wednesday, November 22nd. ValuEngine lowered Valhi from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th.
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 capitalization of $2,150.34, a price-to-earnings ratio of 11.53 and a beta of 2.69.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Monday, March 12th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, March 9th. Valhi’s payout ratio is presently 34.78%.
Hedge funds have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC grew its holdings in Valhi by 173.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 164,351 shares of the basic materials company’s stock valued at $490,000 after buying an additional 104,246 shares in the last quarter. Chicago Equity Partners LLC grew its holdings in Valhi by 55.9% in the 4th quarter. Chicago Equity Partners LLC now owns 98,105 shares of the basic materials company’s stock valued at $605,000 after buying an additional 35,170 shares in the last quarter. Alambic Investment Management L.P. grew its holdings in Valhi by 806.7% in the 4th quarter. Alambic Investment Management L.P. now owns 158,667 shares of the basic materials company’s stock valued at $979,000 after buying an additional 141,167 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Valhi by 50.9% in the 4th quarter. Acadian Asset Management LLC now owns 243,186 shares of the basic materials company’s stock valued at $1,499,000 after buying an additional 82,056 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new position in Valhi in the 4th quarter valued at $1,264,000. 2.66% of the stock is currently owned by institutional investors and hedge funds.
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Valhi, Inc is a holding company. The Company operates through three segments: Chemicals, Component Products, and Real Estate Management and Development. The Company operates through its subsidiaries, including NL Industries, Inc, Kronos Worldwide, Inc (Kronos) and CompX International Inc (CompX). The Chemicals segment operates through Kronos.
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