New York State Common Retirement Fund Sells 800 Shares of Valhi, Inc. (NYSE:VHI)

New York State Common Retirement Fund trimmed its stake in Valhi, Inc. (NYSE:VHI) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,622 shares of the basic materials company’s stock after selling 800 shares during the period. New York State Common Retirement Fund’s holdings in Valhi were worth $61,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Empowered Funds LLC raised its position in shares of Valhi by 1.9% in the 4th quarter. Empowered Funds LLC now owns 141,449 shares of the basic materials company’s stock worth $3,308,000 after acquiring an additional 2,600 shares in the last quarter. Geode Capital Management LLC increased its position in Valhi by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 53,827 shares of the basic materials company’s stock valued at $1,796,000 after buying an additional 1,794 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Valhi during the 3rd quarter valued at about $1,409,000. State Street Corp increased its position in Valhi by 3.6% during the 3rd quarter. State Street Corp now owns 37,586 shares of the basic materials company’s stock valued at $1,254,000 after buying an additional 1,307 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in Valhi by 107.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 32,975 shares of the basic materials company’s stock valued at $1,100,000 after buying an additional 17,112 shares in the last quarter. 3.83% of the stock is owned by institutional investors.

Valhi Trading Down 0.2 %

Shares of NYSE:VHI opened at $16.44 on Friday. The business’s 50-day moving average is $20.87 and its 200 day moving average is $26.52. Valhi, Inc. has a 1 year low of $12.90 and a 1 year high of $41.75. The firm has a market capitalization of $465.17 million, a P/E ratio of 5.27 and a beta of 1.19. 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 (NYSE:VHI) last posted its quarterly earnings results on Thursday, March 6th. The basic materials company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.20. The business had revenue of $480.90 million for the quarter. Valhi had a return on equity of 6.90% and a net margin of 4.29%.

Valhi Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.95%. Valhi’s payout ratio is presently 10.26%.

Wall Street Analysts Forecast Growth

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

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.