NL Industries (NYSE:NL) Stock Crosses Below 200 Day Moving Average - What's Next?

NL Industries, Inc. (NYSE:NL - Get Free Report) 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 trading hands.

Wall Street Analyst Weigh In

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

NL Industries Stock Down 3.5%

The company has a market cap of $322.40 million, a P/E ratio of 5.28 and a beta of 0.27. The stock's 50-day moving average price is $7.24 and its 200 day moving average price is $7.47.

NL Industries (NYSE:NL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.01 EPS 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 firm had revenue of $40.30 million during the quarter.

NL Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Monday, June 9th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Monday, June 9th. NL Industries's dividend payout ratio (DPR) is currently 28.80%.

Hedge Funds Weigh In On NL Industries

A number of institutional investors and hedge funds have recently bought and sold shares of NL. Barclays PLC boosted its stake in shares of 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 purchasing an additional 1,604 shares in the last quarter. Lazard Asset Management LLC boosted its stake 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 valued at $74,000 after purchasing an additional 2,871 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of NL Industries by 15.5% in the 1st 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 valued at $438,000 after purchasing an additional 3,753 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of NL Industries by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 189,522 shares of the basic materials company's stock valued at $1,473,000 after purchasing an additional 3,924 shares in the last quarter. Institutional investors own 10.67% of the company's stock.

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.