NL Industries, Inc. (NYSE:NL) Shares Bought by Barclays PLC

Barclays PLC raised its stake in NL Industries, Inc. (NYSE:NL) by 311.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,934 shares of the basic materials company’s stock after acquiring an additional 9,033 shares during the quarter. Barclays PLC’s holdings in NL Industries were worth $89,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in NL Industries by 1.7% during the third quarter. Geode Capital Management LLC now owns 185,598 shares of the basic materials company’s stock valued at $1,379,000 after acquiring an additional 3,014 shares during the period. Gladius Capital Management LP purchased a new stake in shares of NL Industries in the third quarter worth about $39,000. Empowered Funds LLC boosted its position in shares of NL Industries by 5.4% in the third quarter. Empowered Funds LLC now owns 155,550 shares of the basic materials company’s stock worth $1,156,000 after buying an additional 7,906 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of NL Industries by 42.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,569 shares of the basic materials company’s stock worth $391,000 after buying an additional 15,627 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of NL Industries by 1,454.4% in the third quarter. BNP Paribas Financial Markets now owns 22,492 shares of the basic materials company’s stock worth $167,000 after buying an additional 21,045 shares during the period. 10.67% of the stock is owned by institutional investors and hedge funds.

NL Industries Stock Performance

Shares of NL opened at $8.39 on Friday. The company has a market capitalization of $409.95 million, a P/E ratio of 6.99 and a beta of 0.54. NL Industries, Inc. has a one year low of $5.00 and a one year high of $9.42. The stock has a 50-day moving average price of $7.89 and a 200 day moving average price of $7.27.

NL Industries (NYSE:NL) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.74 earnings per share (EPS) for the quarter. NL Industries had a return on equity of 14.74% and a net margin of 38.69%. The firm had revenue of $33.60 million for the quarter.

NL Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, November 29th. NL Industries’s payout ratio is 26.67%.

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.