ValuEngine downgraded shares of Valhi (NYSE:VHI) from a buy rating to a hold rating in a research note released on Wednesday morning.

NYSE VHI opened at $3.83 on Wednesday. The firm has a market cap of $1.71 billion, a PE ratio of 6.53 and a beta of 2.47. The company has a debt-to-equity ratio of 5.23, a current ratio of 3.76 and a quick ratio of 2.64. Valhi has a twelve month low of $2.13 and a twelve month high of $9.24.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Tuesday, September 4th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, August 31st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in shares of Valhi by 720.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 23,966 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 21,046 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Valhi during the 1st quarter worth $115,000. SG Americas Securities LLC purchased a new position in shares of Valhi during the 2nd quarter worth $127,000. Guggenheim Capital LLC purchased a new position in shares of Valhi during the 1st quarter worth $134,000. Finally, Engineers Gate Manager LP purchased a new position in Valhi during the 2nd quarter valued at about $136,000. Institutional investors and hedge funds own 3.10% 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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