NL Industries (NYSE:NL) Issues Earnings Results

NL Industries (NYSE:NL) announced its quarterly earnings results on Thursday. The basic materials company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.34), FiscalAI reports. NL Industries had a net margin of 35.06% and a return on equity of 12.93%. The business had revenue of $40.00 million during the quarter.

NL Industries Stock Performance

Shares of NL traded up $0.01 during midday trading on Friday, hitting $5.86. The company had a trading volume of 44,318 shares, compared to its average volume of 34,190. NL Industries has a 1 year low of $5.29 and a 1 year high of $9.42. The firm has a market capitalization of $286.34 million, a P/E ratio of 5.33 and a beta of 0.35. The company’s 50-day simple moving average is $6.06 and its 200-day simple moving average is $6.67.

NL Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 21st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, November 21st. NL Industries’s dividend payout ratio (DPR) is presently 180.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in NL Industries during the 1st quarter worth approximately $35,000. Bailard Inc. purchased a new stake in shares of NL Industries during the 1st quarter worth $141,000. Rhumbline Advisers lifted its position in shares of NL Industries by 73.6% during the 3rd quarter. Rhumbline Advisers now owns 23,547 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 9,984 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of NL Industries during the second quarter worth $158,000. Finally, Ritholtz Wealth Management increased its holdings in NL Industries by 12.5% in the third quarter. Ritholtz Wealth Management now owns 29,064 shares of the basic materials company’s stock valued at $179,000 after buying an additional 3,239 shares during the last quarter. Hedge funds and other institutional investors own 10.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on NL. Weiss Ratings restated a “hold (c)” rating on shares of NL Industries in a research note on Wednesday, October 8th. Wall Street Zen lowered NL Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, NL Industries has an average rating of “Hold”.

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.