Heron Bay Capital Management Buys 20,196 Shares of NL Industries, Inc. (NYSE:NL)

Heron Bay Capital Management grew its stake in shares of NL Industries, Inc. (NYSE:NL) by 138.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,766 shares of the basic materials company’s stock after purchasing an additional 20,196 shares during the period. Heron Bay Capital Management owned approximately 0.07% of NL Industries worth $210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in NL Industries by 74.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,929 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 1,677 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of NL Industries by 16.7% during the fourth quarter. Panagora Asset Management Inc. now owns 18,249 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 2,615 shares during the last quarter. Aristides Capital LLC boosted its position in shares of NL Industries by 1.1% in the 1st quarter. Aristides Capital LLC now owns 405,313 shares of the basic materials company’s stock worth $2,971,000 after purchasing an additional 4,294 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of NL Industries by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 356,510 shares of the basic materials company’s stock worth $2,613,000 after purchasing an additional 4,412 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of NL Industries by 8.1% in the 1st quarter. Empowered Funds LLC now owns 137,024 shares of the basic materials company’s stock worth $1,004,000 after buying an additional 10,325 shares during the last quarter. Hedge funds and other institutional investors own 10.67% of the company’s stock.

NL Industries Stock Down 0.6 %

NL stock opened at $6.99 on Friday. The business has a 50 day moving average of $6.41 and a 200 day moving average of $6.89. NL Industries, Inc. has a twelve month low of $4.46 and a twelve month high of $8.93. The firm has a market cap of $341.34 million, a PE ratio of 29.13 and a beta of 0.51.

NL Industries (NYSE:NL) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $35.90 million during the quarter. NL Industries had a return on equity of 5.68% and a net margin of 14.10%.

NL Industries Announces Dividend

The company also recently announced a None dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Friday, September 6th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a dividend yield of 9.4%. NL Industries’s dividend payout ratio is presently 133.33%.

NL Industries 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.