Segall Bryant & Hamill LLC Makes New Investment in NL Industries, Inc. (NYSE:NL)

Segall Bryant & Hamill LLC purchased a new stake in NL Industries, Inc. (NYSE:NL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 81,495 shares of the basic materials company's stock, valued at approximately $644,000. Segall Bryant & Hamill LLC owned approximately 0.17% of NL Industries as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of NL Industries during the fourth quarter valued at approximately $1,622,000. Wealthstar Advisors LLC raised its holdings in shares of NL Industries by 93.2% during the first quarter. Wealthstar Advisors LLC now owns 166,621 shares of the basic materials company's stock valued at $1,316,000 after acquiring an additional 80,381 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NL Industries by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,006,917 shares of the basic materials company's stock valued at $15,594,000 after acquiring an additional 21,876 shares in the last quarter. Aristides Capital LLC raised its holdings in shares of NL Industries by 5.3% during the fourth quarter. Aristides Capital LLC now owns 426,626 shares of the basic materials company's stock valued at $3,315,000 after acquiring an additional 21,313 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of NL Industries during the fourth quarter valued at approximately $159,000. Hedge funds and other institutional investors own 10.67% of the company's stock.

NL Industries Price Performance

Shares of NL Industries stock traded up $0.30 on Wednesday, reaching $6.69. The company had a trading volume of 22,776 shares, compared to its average volume of 34,006. NL Industries, Inc. has a 1 year low of $5.20 and a 1 year high of $9.42. The firm has a market cap of $326.74 million, a price-to-earnings ratio of 5.35 and a beta of 0.27. The firm's 50-day moving average price is $6.93 and its two-hundred day moving average price is $7.39.

NL Industries (NYSE:NL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.19). NL Industries had a net margin of 41.23% and a return on equity of 14.97%. The company had revenue of $40.30 million during the quarter.

NL Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Monday, June 9th were issued a $0.09 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.36 dividend on an annualized basis and a yield of 5.38%. NL Industries's payout ratio is 28.80%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised NL Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th.

NL Industries Profile

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.