Geode Capital Management LLC Buys 1,794 Shares of Valhi, Inc. (NYSE:VHI)

Geode Capital Management LLC increased its stake in shares of Valhi, Inc. (NYSE:VHI) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,827 shares of the basic materials company’s stock after purchasing an additional 1,794 shares during the quarter. Geode Capital Management LLC owned about 0.19% of Valhi worth $1,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VHI. Barclays PLC boosted its position in Valhi by 322.8% in the 3rd quarter. Barclays PLC now owns 3,129 shares of the basic materials company’s stock valued at $104,000 after buying an additional 2,389 shares during the last quarter. Martingale Asset Management L P acquired a new stake in Valhi in the third quarter worth about $217,000. Ritholtz Wealth Management bought a new stake in Valhi during the 3rd quarter worth about $244,000. Greenwood Gearhart Inc. acquired a new position in Valhi during the 3rd quarter valued at about $268,000. Finally, CWA Asset Management Group LLC bought a new position in shares of Valhi in the 3rd quarter valued at about $408,000. Institutional investors and hedge funds own 3.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays raised their price objective on shares of Valhi from $11.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. StockNews.com lowered Valhi from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th.

Valhi Stock Down 1.3 %

Valhi stock opened at $22.07 on Thursday. The firm has a market capitalization of $624.47 million, a price-to-earnings ratio of 7.07 and a beta of 1.22. The company’s 50 day simple moving average is $26.33 and its 200 day simple moving average is $25.93. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.79 and a quick ratio of 1.65. Valhi, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $41.75.

Valhi Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, November 29th. Valhi’s dividend payout ratio (DPR) 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.