Valhi (VHI) Sets New 52-Week High and Low at $7.60

Valhi, Inc. (NYSE:VHI) shares hit a new 52-week high and low during mid-day trading on Wednesday . The company traded as low as $7.60 and last traded at $7.68, with a volume of 403999 shares trading hands. The stock had previously closed at $7.10.

Separately, ValuEngine raised Valhi from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd.

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The company has a quick ratio of 2.61, a current ratio of 3.81 and a debt-to-equity ratio of 10.48. The company has a market capitalization of $2,340.28, a price-to-earnings ratio of 8.21 and a beta of 2.62.

Valhi (NYSE:VHI) last posted its quarterly earnings results on Thursday, March 15th. The basic materials company reported $0.32 earnings per share for the quarter. Valhi had a negative return on equity of 377.13% and a net margin of 10.70%. The business had revenue of $495.90 million for the quarter.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Monday, March 12th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, March 9th.

A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in Valhi by 62.7% during the 4th quarter. Renaissance Technologies LLC now owns 880,922 shares of the basic materials company’s stock worth $5,435,000 after buying an additional 339,622 shares during the period. Bank of New York Mellon Corp raised its stake in Valhi by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 831,329 shares of the basic materials company’s stock worth $5,129,000 after buying an additional 78,912 shares during the period. Millennium Management LLC raised its stake in Valhi by 3.8% during the 4th quarter. Millennium Management LLC now owns 406,353 shares of the basic materials company’s stock worth $2,507,000 after buying an additional 14,940 shares during the period. AXA acquired a new position in Valhi during the 4th quarter worth approximately $2,092,000. Finally, State Street Corp raised its stake in Valhi by 15.0% during the 2nd quarter. State Street Corp now owns 297,086 shares of the basic materials company’s stock worth $885,000 after buying an additional 38,671 shares during the period. 2.66% of the stock is currently owned by institutional investors and hedge funds.

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About Valhi

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses worldwide. 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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