NL Industries (NYSE:NL) Shares Cross Below 200 Day Moving Average - Here's Why

NL Industries, Inc. (NYSE:NL - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.48 and traded as low as $6.95. NL Industries shares last traded at $7.18, with a volume of 22,432 shares changing hands.

NL Industries Trading Down 0.5 %

The business's fifty day simple moving average is $7.54 and its 200-day simple moving average is $7.48. The firm has a market cap of $333.88 million, a P/E ratio of 5.70 and a beta of 0.52.

NL Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be given a $0.09 dividend. This is a positive change from NL Industries's previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Tuesday, March 11th. NL Industries's dividend payout ratio (DPR) is currently 26.67%.

Hedge Funds Weigh In On NL Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC increased its position in NL Industries by 311.4% during the 3rd quarter. Barclays PLC now owns 11,934 shares of the basic materials company's stock valued at $89,000 after purchasing an additional 9,033 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of NL Industries by 42.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,569 shares of the basic materials company's stock valued at $391,000 after buying an additional 15,627 shares during the period. JPMorgan Chase & Co. raised its stake in NL Industries by 112.1% in the third quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company's stock worth $166,000 after buying an additional 11,815 shares in the last quarter. Geode Capital Management LLC raised its stake in NL Industries by 1.7% in the third quarter. Geode Capital Management LLC now owns 185,598 shares of the basic materials company's stock worth $1,379,000 after buying an additional 3,014 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in NL Industries by 4.5% in the fourth quarter. Empowered Funds LLC now owns 162,500 shares of the basic materials company's stock worth $1,263,000 after buying an additional 6,950 shares during the period. Institutional investors own 10.67% of the company's stock.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.