Valhi (NYSE:VHI) Stock Price Up 10.6% After Dividend Announcement

Valhi, Inc. (NYSE:VHI) rose 10.6% on Friday after the company announced a dividend. The stock traded as high as $18.70 and last traded at $18.70. Approximately 8,075 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 9,720 shares. The stock had previously closed at $16.91.

The newly announced dividend which will be paid on Thursday, September 26th. Investors of record on Friday, September 6th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, September 6th. Valhi’s dividend payout ratio is currently 1,600.00%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Valhi in a research report on Wednesday, July 17th. They issued a “buy” rating on the stock.

Valhi Trading Up 12.4 %

The company has a fifty day moving average of $18.12 and a two-hundred day moving average of $16.31. The company has a current ratio of 3.45, a quick ratio of 2.14 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $537.51 million, a price-to-earnings ratio of 919.00 and a beta of 1.27.

Valhi (NYSE:VHI) last issued its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.27 EPS for the quarter. Valhi had a return on equity of 0.05% and a net margin of 0.03%. The company had revenue of $530.60 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Valhi stock. Empowered Funds LLC lifted its holdings in shares of Valhi, Inc. (NYSE:VHI) by 8.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 117,129 shares of the basic materials company’s stock after purchasing an additional 8,750 shares during the period. Empowered Funds LLC owned 0.41% of Valhi worth $2,012,000 at the end of the most recent reporting period. 3.83% of the stock is currently owned by institutional investors.

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.