Martingale Asset Management L P acquired a new stake in Valhi, Inc. (NYSE:VHI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 204,837 shares of the basic materials company’s stock, valued at approximately $1,264,000. Martingale Asset Management L P owned 0.06% of Valhi at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. James Investment Research Inc. purchased a new position in Valhi in the 4th quarter valued at approximately $106,000. Engineers Gate Manager LP purchased a new position in Valhi during the fourth quarter worth $143,000. The Manufacturers Life Insurance Company increased its position in Valhi by 197.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 29,027 shares of the basic materials company’s stock worth $178,000 after buying an additional 19,273 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Valhi during the second quarter worth $133,000. Finally, Teachers Advisors LLC increased its position in Valhi by 43.5% during the second quarter. Teachers Advisors LLC now owns 44,992 shares of the basic materials company’s stock worth $134,000 after buying an additional 13,643 shares in the last quarter. Institutional investors own 2.66% of the company’s stock.
Several equities research analysts have recently issued reports on VHI shares. Barclays raised their price objective on Valhi from $3.00 to $5.00 and gave the stock an “underweight” rating in a report on Wednesday, November 15th. ValuEngine upgraded Valhi from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, TheStreet raised Valhi from a “c” rating to a “b-” rating in a research report on Wednesday, November 22nd.
Valhi, Inc. (NYSE VHI) traded up $0.21 during trading hours on Wednesday, hitting $6.34. The stock had a trading volume of 112,167 shares, compared to its average volume of 171,214. The company has a debt-to-equity ratio of -18.05, a current ratio of 3.44 and a quick ratio of 2.44. The company has a market capitalization of $2,197.83, a price-to-earnings ratio of 11.78 and a beta of 2.69. Valhi, Inc. has a 52 week low of $2.13 and a 52 week high of $7.28.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Monday, March 12th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.26%. Valhi’s dividend payout ratio (DPR) is 34.78%.
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Valhi, Inc is a holding company. The Company operates through three segments: Chemicals, Component Products, and Real Estate Management and Development. The Company operates through its subsidiaries, including NL Industries, Inc, Kronos Worldwide, Inc (Kronos) and CompX International Inc (CompX). The Chemicals segment operates through Kronos.
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