Segall Bryant & Hamill LLC Makes New $644,000 Investment in NL Industries, Inc. (NYSE:NL)

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

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in NL Industries by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,006,917 shares of the basic materials company's stock worth $15,594,000 after purchasing an additional 21,876 shares during the period. Aristides Capital LLC lifted its position in NL Industries by 5.3% in the 4th quarter. Aristides Capital LLC now owns 426,626 shares of the basic materials company's stock worth $3,315,000 after buying an additional 21,313 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in NL Industries by 3.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 231,462 shares of the basic materials company's stock worth $1,798,000 after buying an additional 6,950 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in NL Industries in the 4th quarter worth approximately $1,622,000. Finally, Geode Capital Management LLC lifted its position in NL Industries by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 189,522 shares of the basic materials company's stock worth $1,473,000 after buying an additional 3,924 shares in the last quarter. Institutional investors and hedge funds own 10.67% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of NL Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 17th.

NL Industries Stock Up 2.8%

NYSE NL traded up $0.18 during midday trading on Tuesday, hitting $6.61. The company had a trading volume of 19,524 shares, compared to its average volume of 33,916. The stock has a market cap of $322.80 million, a price-to-earnings ratio of 5.30 and a beta of 0.27. The firm has a fifty day simple moving average of $6.98 and a two-hundred day simple moving average of $7.40. NL Industries, Inc. has a fifty-two week low of $5.20 and a fifty-two week high of $9.42.

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

NL Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Monday, June 9th were given a dividend of $0.09 per share. The ex-dividend date was Monday, June 9th. This represents a $0.36 annualized dividend and a dividend yield of 5.45%. NL Industries's dividend payout ratio (DPR) is currently 28.80%.

NL Industries Company 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.