Valhi (NYSE:VHI) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Valhi, Inc. (NYSE:VHI)’s share price 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 changing hands.

Wall Street Analyst Weigh In

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

Valhi Stock Performance

The company has a 50-day moving average price of $14.24 and a two-hundred day moving average price of $14.21. The stock has a market capitalization of $459.78 million, a P/E ratio of -9.07 and a beta of 0.97. The company has a quick ratio of 1.90, a current ratio of 3.37 and a debt-to-equity ratio of 0.42.

Valhi (NYSE:VHI) last released its quarterly earnings data 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 firm had revenue of $606.10 million during the quarter, compared to the consensus estimate of $606.10 million. Valhi had a negative net margin of 2.36% and a negative return on equity of 2.77%.

Valhi Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Valhi in the second quarter worth $31,000. Wells Fargo & Company MN boosted its stake in Valhi by 46.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,722 shares of the basic materials company’s stock valued at $33,000 after buying an additional 859 shares during the period. JPMorgan Chase & Co. grew its position in Valhi by 133.9% during the second quarter. JPMorgan Chase & Co. now owns 4,867 shares of the basic materials company’s stock worth $79,000 after buying an additional 2,786 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Valhi during the fourth quarter worth about $80,000. Finally, Deutsche Bank AG grew its position in Valhi by 145.0% during the fourth quarter. Deutsche Bank AG now owns 7,006 shares of the basic materials company’s stock worth $84,000 after buying an additional 4,146 shares in the last quarter. 3.83% of the stock is currently owned by hedge funds and other institutional investors.

Valhi Company Profile

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.