NL Industries, Inc. (NYSE:NL - Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.15 and traded as low as $6.50. NL Industries shares last traded at $6.55, with a volume of 9,135 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered NL Industries from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, NL Industries has an average rating of "Sell" and an average target price of $6.00.
View Our Latest Analysis on NL
NL Industries Stock Performance
The company's 50 day moving average price is $6.41 and its 200-day moving average price is $7.15. The company has a market cap of $322.48 million, a PE ratio of 6.00 and a beta of 0.29.
NL Industries (NYSE:NL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.18). NL Industries had a return on equity of 12.93% and a net margin of 35.06%.The company had revenue of $40.30 million for the quarter.
NL Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, September 5th. This represents a $0.36 annualized dividend and a dividend yield of 5.5%. NL Industries's dividend payout ratio (DPR) is presently 32.73%.
Institutional Investors Weigh In On NL Industries
Large investors have recently modified their holdings of the stock. Strs Ohio purchased a new stake in shares of NL Industries during the 1st quarter worth approximately $35,000. Lazard Asset Management LLC grew its stake in 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 valued at $74,000 after buying an additional 2,871 shares in the last quarter. Barclays PLC grew its stake in NL Industries by 13.4% in the 4th quarter. Barclays PLC now owns 13,538 shares of the basic materials company's stock valued at $106,000 after buying an additional 1,604 shares in the last quarter. Bailard Inc. purchased a new position in NL Industries in the 1st quarter valued at approximately $141,000. Finally, Jane Street Group LLC purchased a new position in NL Industries in the 2nd quarter valued at approximately $158,000. Hedge funds and other institutional investors own 10.67% of the company's stock.
About NL Industries
(
Get 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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