Valhi (NYSE:VHI) Posts Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Valhi (NYSE:VHI) announced its quarterly earnings data on Thursday. The basic materials company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.18), FiscalAI reports. Valhi had a negative net margin of 3.45% and a negative return on equity of 4.29%. The business had revenue of $606.10 million during the quarter, compared to analysts’ expectations of $559.69 million.

Valhi Price Performance

VHI traded down $0.49 during trading on Friday, hitting $15.51. 33,820 shares of the company traded hands, compared to its average volume of 17,399. The company has a current ratio of 3.25, a quick ratio of 1.74 and a debt-to-equity ratio of 0.46. The company has a market cap of $438.93 million, a PE ratio of -6.11 and a beta of 0.97. The stock’s 50-day simple moving average is $14.02 and its two-hundred day simple moving average is $14.12. Valhi has a 1 year low of $11.44 and a 1 year high of $17.67.

Valhi Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 3rd. Valhi’s dividend payout ratio (DPR) is presently -12.60%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Valhi

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new position in shares of Valhi in the fourth quarter valued at $201,000. Jane Street Group LLC purchased a new stake in Valhi during the fourth quarter valued at $183,000. Geode Capital Management LLC lifted its position in Valhi by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 59,303 shares of the basic materials company’s stock valued at $715,000 after purchasing an additional 1,116 shares during the last quarter. Empowered Funds LLC lifted its position in 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 purchasing an additional 2,753 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Valhi by 145.0% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 3.83% of the company’s stock.

Valhi Company Profile

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.