Valhi, Inc. (NYSE:VHI) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in Valhi, Inc. (NYSE:VHI) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,417 shares of the basic materials company’s stock after selling 1,300 shares during the quarter. Renaissance Technologies LLC owned about 0.46% of Valhi worth $2,325,000 at the end of the most recent quarter.

Separately, Empowered Funds LLC lifted its holdings in shares of Valhi by 8.1% in the 1st quarter. Empowered Funds LLC now owns 117,129 shares of the basic materials company’s stock worth $2,012,000 after acquiring an additional 8,750 shares during the last quarter. Institutional investors own 3.83% of the company’s stock.

Valhi Stock Down 2.5 %

Shares of VHI opened at $32.53 on Wednesday. The company’s 50-day simple moving average is $25.60 and its 200-day simple moving average is $20.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.24 and a current ratio of 3.49. Valhi, Inc. has a 1 year low of $10.80 and a 1 year high of $34.98. The stock has a market capitalization of $920.07 million, a PE ratio of 1,626.25 and a beta of 1.28.

Valhi (NYSE:VHI) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.29 by $0.41. The company had revenue of $559.70 million during the quarter. Valhi had a net margin of 1.27% and a return on equity of 2.02%.

Valhi Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 6th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 annualized dividend and a yield of 0.98%. Valhi’s payout ratio is 1,600.00%.

Analysts Set New Price Targets

VHI has been the subject of several research reports. Barclays lifted their target price on shares of Valhi from $11.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. StockNews.com raised Valhi from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th.

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.