Valhi (NYSE:VHI) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Valhi, Inc. (NYSE:VHI)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.98 and traded as low as $12.59. Valhi shares last traded at $12.68, with a volume of 23,614 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Valhi in a research report on Thursday. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell” and an average price target of $12.00.

Valhi Price Performance

The firm has a 50 day simple moving average of $14.98 and a 200-day simple moving average of $15.97. The company has a quick ratio of 1.35, a current ratio of 2.83 and a debt-to-equity ratio of 0.38. The company has a market cap of $358.87 million, a PE ratio of 3.70 and a beta of 1.18.

Valhi (NYSE:VHI) last released its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.83 by ($1.16). Valhi had a net margin of 4.69% and a return on equity of 7.02%. The firm had revenue of $503.50 million for the quarter.

Valhi Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 21st will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, November 21st. Valhi’s dividend payout ratio (DPR) is 50.00%.

Institutional Trading of Valhi

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Valhi during the 2nd quarter worth $31,000. JPMorgan Chase & Co. boosted its holdings in Valhi by 133.9% in the second quarter. JPMorgan Chase & Co. now owns 4,867 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 2,786 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Valhi by 79.9% during the third quarter. Rhumbline Advisers now owns 7,520 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 3,341 shares during the last quarter. Mission Wealth Management LP purchased a new stake in shares of Valhi during the third quarter worth about $228,000. Finally, Strs Ohio acquired a new position in shares of Valhi during the first quarter valued at about $289,000. Hedge funds and other institutional investors own 3.83% of the company’s stock.

Valhi Company Profile

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, 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.