NL Industries, Inc. (NYSE:NL - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.69 and traded as low as $7.51. NL Industries shares last traded at $7.71, with a volume of 15,432 shares.
Analyst Ratings Changes
Separately, StockNews.com cut shares of NL Industries from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 10th.
Read Our Latest Research Report on NL
NL Industries Stock Performance
The firm has a fifty day moving average price of $7.45 and a 200 day moving average price of $7.70. The stock has a market cap of $384.43 million, a PE ratio of 6.56 and a beta of 0.41.
NL Industries (NYSE:NL - Get Free Report) last issued its earnings results on Thursday, March 6th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.13. The company had revenue of $38.40 million during the quarter. NL Industries had a return on equity of 14.74% and a net margin of 38.69%.
NL Industries Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.57%. This is an increase from NL Industries's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 11th. NL Industries's dividend payout ratio is presently 26.09%.
Insider Transactions at NL Industries
In other NL Industries news, Director Kevin B. Kramer bought 6,500 shares of NL Industries stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $6.59 per share, with a total value of $42,835.00. Following the purchase, the director now directly owns 9,350 shares in the company, valued at $61,616.50. This represents a 228.07 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.26% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in NL Industries by 42.9% in the 4th quarter. Lazard Asset Management LLC now owns 9,556 shares of the basic materials company's stock valued at $74,000 after purchasing an additional 2,871 shares during the last quarter. Barclays PLC grew its holdings in shares of NL Industries by 311.4% during the 3rd quarter. Barclays PLC now owns 11,934 shares of the basic materials company's stock worth $89,000 after purchasing an additional 9,033 shares during the period. Rhumbline Advisers grew its holdings in shares of NL Industries by 17.6% during the 4th quarter. Rhumbline Advisers now owns 14,816 shares of the basic materials company's stock worth $115,000 after purchasing an additional 2,217 shares during the period. WINTON GROUP Ltd purchased a new position in shares of NL Industries during the 4th quarter worth $159,000. Finally, JPMorgan Chase & Co. lifted its stake in NL Industries by 112.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company's stock worth $166,000 after acquiring an additional 11,815 shares in the last quarter. 10.67% of the stock is owned by institutional investors and hedge funds.
About NL Industries
(
Get Free Report)
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.
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