Valhi (NYSE:VHI) Posts Earnings Results, Misses Estimates By $1.16 EPS

Valhi (NYSE:VHI) released its earnings results on Thursday. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($1.16), Zacks reports. The firm had revenue of $503.50 million during the quarter. Valhi had a return on equity of 7.02% and a net margin of 4.69%.

Valhi Trading Up 4.8%

NYSE VHI traded up $0.63 during trading on Friday, hitting $13.83. The stock had a trading volume of 17,450 shares, compared to its average volume of 16,672. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.35 and a current ratio of 2.83. The stock has a market capitalization of $391.33 million, a price-to-earnings ratio of 4.03 and a beta of 1.18. Valhi has a one year low of $12.58 and a one year high of $41.75. The stock has a 50 day simple moving average of $15.25 and a 200 day simple moving average of $16.09.

Valhi Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 21st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 21st. Valhi’s dividend payout ratio is 9.33%.

Institutional Investors Weigh In On Valhi

Large investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC bought a new stake in shares of Valhi during the first quarter valued at approximately $1,011,000. Bridgeway Capital Management LLC increased its stake in shares of Valhi by 1.2% during the first quarter. Bridgeway Capital Management LLC now owns 237,729 shares of the basic materials company’s stock valued at $3,863,000 after buying an additional 2,753 shares during the period. Empowered Funds LLC increased its stake in shares of Valhi by 1.9% during the first quarter. Empowered Funds LLC now owns 144,202 shares of the basic materials company’s stock valued at $2,343,000 after buying an additional 2,753 shares during the period. Strs Ohio purchased a new stake in Valhi in the first quarter worth about $289,000. Finally, Geode Capital Management LLC lifted its stake in Valhi by 3.6% in the second quarter. Geode Capital Management LLC now owns 56,110 shares of the basic materials company’s stock worth $907,000 after acquiring an additional 1,933 shares during the period. 3.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Valhi in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $12.00.

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.