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

Valhi, Inc. (NYSE:VHI) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.06 and traded as low as $13.57. Valhi shares last traded at $13.8680, with a volume of 7,362 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Valhi in a report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Valhi Price Performance

The firm has a 50-day simple moving average of $13.85 and a 200-day simple moving average of $14.07. The firm has a market cap of $391.67 million, a P/E ratio of -5.45 and a beta of 0.96. The company has a current ratio of 3.25, a quick ratio of 1.74 and a debt-to-equity ratio of 0.46.

Valhi (NYSE:VHI) last released its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.70). Valhi had a negative return on equity of 4.29% and a negative net margin of 3.45%.The company had revenue of $560.10 million during the quarter, compared to the consensus estimate of $564.20 million.

Valhi Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, June 4th. Valhi’s dividend payout ratio (DPR) is currently -12.60%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Rhumbline Advisers grew its holdings in Valhi by 79.9% in the third quarter. Rhumbline Advisers now owns 7,520 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 3,341 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Valhi by 133.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,867 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 2,786 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Valhi in the 4th quarter worth $183,000. Millennium Management LLC purchased a new position in Valhi during the 4th quarter worth $201,000. Finally, Raymond James Financial Inc. purchased a new position in Valhi during the 2nd quarter worth $31,000. Institutional investors own 3.83% of the company’s stock.

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.