Valhi (NYSE:VHI) Issues Earnings Results

by · The Cerbat Gem

Valhi (NYSE:VHI – Get Free Report) announced its quarterly earnings results on Thursday. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.18), FiscalAI reports. The business had revenue of $606.10 million during the quarter, compared to analysts’ expectations of $559.69 million. Valhi had a negative net margin of 2.36% and a negative return on equity of 2.78%.

Valhi Trading Down 3.1%

Shares of NYSE:VHI traded down $0.49 during trading on Friday, reaching $15.51. The stock had a trading volume of 33,820 shares, compared to its average volume of 9,526. The company has a quick ratio of 1.74, a current ratio of 3.25 and a debt-to-equity ratio of 0.46. The stock has a market cap of $438.93 million, a P/E ratio of -8.66 and a beta of 0.97. The business has a fifty day moving average price of $14.02 and a 200-day moving average price of $14.12. Valhi has a fifty-two week low of $11.44 and a fifty-two week high of $17.67.

Valhi Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 3rd. Valhi’s payout ratio is currently -12.60%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Valhi during the 2nd quarter worth $31,000. Wells Fargo & Company MN grew its position in shares of Valhi by 46.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,722 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 859 shares during the period. JPMorgan Chase & Co. increased its stake in Valhi by 133.9% in the second 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. Los Angeles Capital Management LLC purchased a new position in Valhi during the fourth quarter worth about $80,000. Finally, Deutsche Bank AG lifted its position in Valhi by 145.0% during the fourth quarter. Deutsche Bank AG now owns 7,006 shares of the basic materials company’s stock worth $84,000 after buying an additional 4,146 shares during the period. 3.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Valhi in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Valhi presently has an average rating of “Sell”.

Read Our Latest Research Report on Valhi

About Valhi

(Get Free Report)

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.

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