Wealthstar Advisors LLC raised its stake in shares of NL Industries, Inc. (NYSE:NL - Free Report) by 93.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,621 shares of the basic materials company's stock after purchasing an additional 80,381 shares during the quarter. Wealthstar Advisors LLC owned 0.34% of NL Industries worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC boosted 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 purchasing an additional 2,871 shares in the last quarter. Barclays PLC lifted its position in NL Industries by 13.4% in the 4th quarter. Barclays PLC now owns 13,538 shares of the basic materials company's stock worth $106,000 after buying an additional 1,604 shares during the last quarter. Rhumbline Advisers boosted 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 worth $115,000 after buying an additional 2,217 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in NL Industries in the fourth quarter worth approximately $159,000. Finally, JPMorgan Chase & Co. grew its position in NL Industries by 73.3% during the fourth quarter. JPMorgan Chase & Co. now owns 38,750 shares of the basic materials company's stock valued at $301,000 after acquiring an additional 16,393 shares during the last quarter. Hedge funds and other institutional investors own 10.67% of the company's stock.
NL Industries Price Performance
NL Industries stock traded up $0.16 during mid-day trading on Wednesday, hitting $6.57. The company's stock had a trading volume of 64,069 shares, compared to its average volume of 34,392. The business has a 50 day moving average price of $7.48 and a 200-day moving average price of $7.53. NL Industries, Inc. has a 12 month low of $5.20 and a 12 month high of $9.42. The stock has a market cap of $320.94 million, a price-to-earnings ratio of 5.26 and a beta of 0.27.
NL Industries (NYSE:NL - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.01 earnings per share 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 Announces Dividend
The company also recently declared 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. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.36 dividend on an annualized basis and a yield of 5.48%. NL Industries's dividend payout ratio is currently 28.80%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of NL Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 17th.
Read Our Latest Stock Analysis on NL Industries
NL Industries Company Profile
(
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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