NL Industries, Inc. (NYSE:NL) Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in NL Industries, Inc. (NYSE:NL) by 160.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,044 shares of the basic materials company’s stock after purchasing an additional 17,875 shares during the quarter. JPMorgan Chase & Co.’s holdings in NL Industries were worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Bank of New York Mellon Corp raised its position in NL Industries by 11.2% during the fourth quarter. Bank of New York Mellon Corp now owns 56,009 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 5,630 shares in the last quarter. 10.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of NL opened at $7.10 on Wednesday. The firm has a market cap of $346.40 million, a PE ratio of 20.88 and a beta of 1.30. The firm’s 50 day moving average price is $7.33 and its 200 day moving average price is $5.63. NL Industries, Inc. has a twelve month low of $2.65 and a twelve month high of $8.50.

NL Industries (NYSE:NL) last issued its quarterly earnings data on Wednesday, March 10th. The basic materials company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $30.00 million for the quarter. NL Industries had a net margin of 14.64% and a return on equity of 5.12%.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Monday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, March 12th. This is a positive change from NL Industries’s previous quarterly dividend of $0.04.

NL Industries Profile

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in the United States and internationally. The company manufactures and sells mechanical and electronic cabinet locks, and other locking mechanisms, including disc tumbler locks, pin tumbler locking mechanisms, and CompX eLock and StealthLock electronic locks for use in various applications, such as ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, integrated inventory and access control secured narcotics boxes, vending and cash containment machines, medical cabinetry, electronic circuit panels, storage compartments, and gas station security.

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Institutional Ownership by Quarter for NL Industries (NYSE:NL)

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