JPMorgan Chase & Co. Sells 1,026 Shares of Valhi, Inc. (NYSE:VHI)

JPMorgan Chase & Co. lessened its holdings in Valhi, Inc. (NYSE:VHI) by 41.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,479 shares of the basic materials company’s stock after selling 1,026 shares during the period. JPMorgan Chase & Co.’s holdings in Valhi were worth $49,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new stake in shares of Valhi in the third quarter worth $1,409,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Valhi by 107.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 32,975 shares of the basic materials company’s stock worth $1,100,000 after buying an additional 17,112 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Valhi by 10.1% during the 3rd quarter. Empowered Funds LLC now owns 138,849 shares of the basic materials company’s stock worth $4,633,000 after purchasing an additional 12,720 shares during the period. CWA Asset Management Group LLC acquired a new stake in Valhi during the third quarter valued at $408,000. Finally, Greenwood Gearhart Inc. purchased a new position in Valhi in the third quarter valued at $268,000. Institutional investors and hedge funds own 3.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Valhi from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th.

Valhi Stock Up 1.8 %

Shares of VHI opened at $20.77 on Wednesday. The firm has a market cap of $587.79 million, a P/E ratio of 6.66 and a beta of 1.20. Valhi, Inc. has a 12 month low of $12.12 and a 12 month high of $41.75. The stock’s 50 day moving average is $23.18 and its two-hundred day moving average is $26.74. The company has a current ratio of 2.79, a quick ratio of 1.65 and a debt-to-equity ratio of 0.39.

Valhi (NYSE:VHI) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported $2.01 earnings per share (EPS) for the quarter. The firm had revenue of $533.60 million for the quarter. Valhi had a net margin of 4.29% and a return on equity of 6.90%.

Valhi Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid 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 dividend yield of 1.54%. Valhi’s dividend payout ratio is currently 10.26%.

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.