Raymond James Financial Inc. bought a new stake in shares of NL Industries, Inc. (NYSE:NL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 208,720 shares of the basic materials company's stock, valued at approximately $1,622,000. Raymond James Financial Inc. owned 0.43% of NL Industries at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of NL. Rhumbline Advisers lifted its stake in NL Industries by 17.6% in the fourth quarter. Rhumbline Advisers now owns 14,816 shares of the basic materials company's stock valued at $115,000 after buying an additional 2,217 shares during the period. Geode Capital Management LLC grew its holdings in NL Industries by 1.7% during the third quarter. Geode Capital Management LLC now owns 185,598 shares of the basic materials company's stock valued at $1,379,000 after purchasing an additional 3,014 shares during the period. Empowered Funds LLC increased its stake 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 valued at $1,263,000 after purchasing an additional 6,950 shares in the last quarter. Ritholtz Wealth Management raised its holdings in NL Industries by 34.6% in the fourth quarter. Ritholtz Wealth Management now owns 29,361 shares of the basic materials company's stock worth $228,000 after purchasing an additional 7,548 shares during the period. Finally, Barclays PLC boosted its position in shares of NL Industries by 311.4% during the third 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 in the last quarter. Institutional investors own 10.67% of the company's stock.
NL Industries Stock Performance
NYSE NL traded down $0.15 during trading hours on Friday, reaching $7.25. 44,502 shares of the company's stock were exchanged, compared to its average volume of 34,557. The company has a market capitalization of $353.90 million, a price-to-earnings ratio of 6.04 and a beta of 0.41. The company's 50-day moving average is $7.39 and its two-hundred day moving average is $7.66. NL Industries, Inc. has a one year low of $5.20 and a one year high of $9.42.
NL Industries (NYSE:NL - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The basic materials company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.13. The business had revenue of $38.40 million for the quarter. NL Industries had a net margin of 38.69% and a return on equity of 14.74%.
NL Industries Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.09 per share. This is a boost from NL Industries's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 4.97%. The ex-dividend date was Tuesday, March 11th. NL Industries's dividend payout ratio is currently 26.09%.
Insider Buying and Selling
In other NL Industries news, Director Kevin B. Kramer acquired 6,500 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $6.59 per share, with a total value of $42,835.00. Following the completion of the transaction, the director now directly owns 9,350 shares in the company, valued at $61,616.50. This trade represents a 228.07 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded NL Industries from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 10th.
Read Our Latest Analysis on NL Industries
About NL Industries
(
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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