NL Industries (NYSE:NL) Stock Passes Below 200 Day Moving Average of $8.56

NL Industries, Inc. (NYSE:NLGet Rating)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.56 and traded as low as $7.32. NL Industries shares last traded at $7.44, with a volume of 6,474 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded NL Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, November 4th.

NL Industries Stock Down 1.2 %

The company has a market cap of $363.22 million, a PE ratio of 6.58 and a beta of 0.97. The business has a 50-day simple moving average of $7.89 and a 200-day simple moving average of $8.56.

NL Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 3.76%. NL Industries’s dividend payout ratio is currently 24.78%.

Institutional Trading of NL Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SNC boosted its stake in shares of NL Industries by 63.7% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,660 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 1,424 shares in the last quarter. Renaissance Technologies LLC increased its holdings in NL Industries by 1.4% in the 2nd quarter. Renaissance Technologies LLC now owns 163,614 shares of the basic materials company’s stock valued at $1,615,000 after purchasing an additional 2,200 shares in the last quarter. Raymond James & Associates increased its holdings in NL Industries by 1.0% in the 1st quarter. Raymond James & Associates now owns 273,170 shares of the basic materials company’s stock valued at $1,964,000 after purchasing an additional 2,572 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in NL Industries by 11.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,334 shares of the basic materials company’s stock valued at $182,000 after buying an additional 2,600 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of NL Industries by 19.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,958 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 2,629 shares during the last quarter. Institutional investors and hedge funds own 10.26% of the company’s stock.

NL Industries Company Profile

(Get Rating)

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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