ValuEngine cut shares of Valhi (NYSE:VHI) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

VHI traded up $0.18 during mid-day trading on Thursday, reaching $5.03. 141,947 shares of the company traded hands, compared to its average volume of 141,997. The firm has a market cap of $1.65 billion, a PE ratio of 6.30 and a beta of 2.47. The company has a current ratio of 3.76, a quick ratio of 2.88 and a debt-to-equity ratio of 5.23. Valhi has a 52-week low of $2.13 and a 52-week high of $9.24.

Valhi (NYSE:VHI) last announced its earnings results on Wednesday, August 8th. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. The business had revenue of $510.20 million during the quarter. Valhi had a net margin of 14.44% and a return on equity of 235.99%.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Tuesday, September 4th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.08 dividend on an annualized basis and a yield of 1.59%.

A number of institutional investors and hedge funds have recently made changes to their positions in VHI. Victory Capital Management Inc. purchased a new stake in Valhi during the 1st quarter valued at $115,000. SG Americas Securities LLC purchased a new stake in Valhi during the 2nd quarter valued at $127,000. Guggenheim Capital LLC purchased a new stake in Valhi during the 1st quarter valued at $134,000. Engineers Gate Manager LP purchased a new stake in Valhi during the 2nd quarter valued at $136,000. Finally, Trexquant Investment LP purchased a new stake in Valhi during the 1st quarter valued at $142,000. Institutional investors and hedge funds own 3.03% of the company’s stock.

Valhi Company Profile

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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