Wealthstar Advisors LLC Increases Stock Position in NL Industries, Inc. (NYSE:NL)

Wealthstar Advisors LLC lifted its holdings in shares of NL Industries, Inc. (NYSE:NL - Free Report) by 93.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,621 shares of the basic materials company's stock after buying an additional 80,381 shares during the quarter. Wealthstar Advisors LLC owned about 0.34% of NL Industries worth $1,316,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in NL Industries during the 4th quarter worth approximately $1,622,000. Rhumbline Advisers increased its holdings in shares of NL Industries by 17.6% in the 4th quarter. Rhumbline Advisers now owns 14,816 shares of the basic materials company's stock worth $115,000 after buying an additional 2,217 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of NL Industries by 7.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,322 shares of the basic materials company's stock worth $438,000 after buying an additional 3,753 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of 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 worth $74,000 after buying an additional 2,871 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 buying an additional 21,876 shares during the last quarter. 10.67% of the stock is currently owned by hedge funds and other institutional investors.

NL Industries Price Performance

Shares of NYSE:NL opened at $6.44 on Friday. NL Industries, Inc. has a one year low of $5.20 and a one year high of $9.42. The company's fifty day moving average price is $7.53 and its 200-day moving average price is $7.56. The firm has a market capitalization of $314.59 million, a price-to-earnings ratio of 5.15 and a beta of 0.31.

NL Industries (NYSE:NL - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.01 EPS 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Monday, June 9th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend was Monday, June 9th. NL Industries's dividend payout ratio is currently 28.80%.

Analyst Upgrades and Downgrades

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

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.

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