Strs Ohio Grows Position in Valhi, Inc. (NYSE:VHI)

Strs Ohio increased its holdings in Valhi, Inc. (NYSE:VHI – Get Rating) by 71.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,100 shares of the basic materials company’s stock after acquiring an additional 8,400 shares during the quarter. Strs Ohio owned about 0.07% of Valhi worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in shares of Valhi by 15.0% during the 2nd quarter. Renaissance Technologies LLC now owns 185,917 shares of the basic materials company’s stock valued at $8,429,000 after buying an additional 24,200 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Valhi by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 88,170 shares of the basic materials company’s stock valued at $2,584,000 after acquiring an additional 3,706 shares during the period. State Street Corp lifted its holdings in shares of Valhi by 21.1% in the 2nd quarter. State Street Corp now owns 33,059 shares of the basic materials company’s stock worth $1,499,000 after buying an additional 5,771 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Valhi by 226.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 26,922 shares of the basic materials company’s stock worth $677,000 after buying an additional 18,685 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Valhi by 61.8% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 26,637 shares of the basic materials company’s stock worth $1,208,000 after buying an additional 10,175 shares during the period. Institutional investors own 4.76% of the company’s stock.

Valhi Price Performance

VHI stock opened at $24.11 on Thursday. The business has a fifty day moving average of $23.25 and a two-hundred day moving average of $30.65. The company has a quick ratio of 2.22, a current ratio of 3.34 and a debt-to-equity ratio of 0.44. The stock has a market cap of $681.81 million, a price-to-earnings ratio of 4.53 and a beta of 1.38. Valhi, Inc. has a 52-week low of $20.83 and a 52-week high of $54.06.

Valhi (NYSE:VHI – Get Rating) last posted its earnings results on Thursday, November 3rd. The basic materials company reported $0.92 EPS for the quarter. The business had revenue of $556.30 million for the quarter. Valhi had a return on equity of 12.58% and a net margin of 6.06%.

Valhi Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.33%. Valhi’s payout ratio is 6.02%.

Analyst Ratings Changes

Separately, StockNews.com lowered Valhi from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 7th.

About Valhi

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Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in the Asia Pacific, Europe, North America, 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.