NL Industries, Inc. (NYSE:NL - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.07 and traded as low as $5.98. NL Industries shares last traded at $6.21, with a volume of 45,172 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded NL Industries from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell" and an average target price of $6.00.
Check Out Our Latest Stock Analysis on NL
NL Industries Stock Up 5.8%
The firm has a fifty day simple moving average of $6.34 and a 200-day simple moving average of $7.07. The company has a market cap of $303.42 million, a PE ratio of 5.65 and a beta of 0.29.
NL Industries (NYSE:NL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.18). The firm had revenue of $40.30 million during the quarter. NL Industries had a net margin of 35.06% and a return on equity of 12.93%.
NL Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be paid a $0.09 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.36 dividend on an annualized basis and a yield of 5.8%. NL Industries's payout ratio is currently 32.73%.
Hedge Funds Weigh In On NL Industries
A number of institutional investors have recently modified their holdings of NL. Strs Ohio acquired a new position in shares of NL Industries in the 1st quarter valued at $35,000. Lazard Asset Management LLC grew its position in NL Industries by 42.9% during 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 during the last quarter. Bailard Inc. acquired a new stake in shares of NL Industries during the first quarter worth about $141,000. Jane Street Group LLC acquired a new stake in shares of NL Industries during the second quarter worth about $158,000. Finally, Nuveen LLC acquired a new stake in shares of NL Industries during the first quarter worth about $183,000. 10.67% of the stock is owned by institutional investors and hedge funds.
NL Industries Company Profile
(
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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