Geode Capital Management LLC Has $1.80 Million Holdings in Valhi, Inc. (NYSE:VHI)

Geode Capital Management LLC increased its stake in shares of Valhi, Inc. (NYSE:VHI) by 3.4% during the third quarter, HoldingsChannel reports. The fund owned 53,827 shares of the basic materials company’s stock after buying an additional 1,794 shares during the period. Geode Capital Management LLC’s holdings in Valhi were worth $1,796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its holdings in Valhi by 322.8% during the 3rd quarter. Barclays PLC now owns 3,129 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 2,389 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Valhi in the 3rd quarter valued at approximately $217,000. Ritholtz Wealth Management bought a new stake in Valhi in the 3rd quarter valued at approximately $244,000. Greenwood Gearhart Inc. acquired a new position in Valhi during the 3rd quarter worth approximately $268,000. Finally, CWA Asset Management Group LLC bought a new position in shares of Valhi during the 3rd quarter worth approximately $408,000. 3.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on VHI shares. StockNews.com cut shares of Valhi from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Barclays increased their price objective on shares of Valhi from $11.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th.

Valhi Stock Down 1.3 %

VHI stock opened at $22.07 on Thursday. The company has a market cap of $624.47 million, a price-to-earnings ratio of 7.07 and a beta of 1.22. Valhi, Inc. has a twelve month low of $12.12 and a twelve month high of $41.75. The business has a 50 day moving average price of $26.33 and a two-hundred day moving average price of $25.93. The company has a quick ratio of 1.65, a current ratio of 2.79 and a debt-to-equity ratio of 0.39.

Valhi Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.45%. Valhi’s payout ratio is 10.26%.

About Valhi

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.