NL Industries (NYSE:NL) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

NL Industries, Inc. (NYSE:NL - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.49 and traded as low as $6.35. NL Industries shares last traded at $6.44, with a volume of 66,578 shares changing hands.

Wall Street Analyst Weigh In

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

NL Industries Trading Down 1.2%

The stock has a fifty day moving average of $7.31 and a two-hundred day moving average of $7.48. The company has a market capitalization of $320.94 million, a PE ratio of 5.32 and a beta of 0.27.

NL Industries (NYSE:NL - Get Free Report) last released its quarterly earnings data 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 return on equity of 14.97% and a net margin of 41.23%. The company had revenue of $40.30 million during the quarter.

NL Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Monday, June 9th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date was Monday, June 9th. NL Industries's payout ratio is 28.80%.

Institutional Trading of NL Industries

A number of institutional investors have recently modified their holdings of the company. Barclays PLC raised its position in NL Industries by 13.4% during the 4th quarter. Barclays PLC now owns 13,538 shares of the basic materials company's stock valued at $106,000 after purchasing an additional 1,604 shares during the last quarter. Rhumbline Advisers lifted its position in NL Industries by 17.6% during the fourth quarter. Rhumbline Advisers now owns 14,816 shares of the basic materials company's stock valued at $115,000 after buying an additional 2,217 shares during the period. Lazard Asset Management LLC increased its stake in shares of NL Industries by 42.9% during the fourth quarter. Lazard Asset Management LLC now owns 9,556 shares of the basic materials company's stock valued at $74,000 after purchasing an additional 2,871 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of NL Industries by 15.5% during the first quarter. Goldman Sachs Group Inc. now owns 27,285 shares of the basic materials company's stock valued at $216,000 after purchasing an additional 3,667 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position 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 purchasing an additional 3,753 shares in the last quarter. 10.67% of the stock is currently owned by hedge funds and other institutional investors.

About NL Industries

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.