StockNews.com Initiates Coverage on Valhi (NYSE:VHI)

Equities research analysts at StockNews.com assumed coverage on shares of Valhi (NYSE:VHI) in a research note issued on Monday. The firm set a “buy” rating on the basic materials company’s stock.

Valhi Trading Up 1.1 %

NYSE:VHI opened at $17.57 on Monday. Valhi has a twelve month low of $10.80 and a twelve month high of $20.38. The company has a quick ratio of 2.14, a current ratio of 3.45 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $17.66 and a two-hundred day moving average price of $15.79. The company has a market cap of $497.06 million, a P/E ratio of 878.50 and a beta of 1.27.

Valhi (NYSE:VHI) last released its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.27 earnings per share for the quarter. Valhi had a return on equity of 0.05% and a net margin of 0.03%. The firm had revenue of $530.60 million during the quarter.

Hedge Funds Weigh In On Valhi

A hedge fund recently raised its stake in Valhi stock. Empowered Funds LLC increased its stake in Valhi, Inc. (NYSE:VHI) by 8.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,129 shares of the basic materials company’s stock after buying an additional 8,750 shares during the quarter. Empowered Funds LLC owned approximately 0.41% of Valhi worth $2,012,000 as of its most recent SEC filing. 3.83% of the stock is owned by hedge funds and other institutional investors.

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.