Connor Clark & Lunn Investment Management Ltd. Acquires 3,753 Shares of NL Industries, Inc. (NYSE:NL)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of NL Industries, Inc. (NYSE:NL) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,322 shares of the basic materials company’s stock after purchasing an additional 3,753 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of NL Industries worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in NL Industries by 311.4% in the 3rd quarter. Barclays PLC now owns 11,934 shares of the basic materials company’s stock worth $89,000 after acquiring an additional 9,033 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of NL Industries by 112.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 11,815 shares during the period. Geode Capital Management LLC increased its holdings in shares of NL Industries by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 185,598 shares of the basic materials company’s stock worth $1,379,000 after purchasing an additional 3,014 shares during the period. Rhumbline Advisers boosted its position in shares of NL Industries by 17.6% during the 4th quarter. Rhumbline Advisers now owns 14,816 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 2,217 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of NL Industries by 4.5% during the 4th quarter. Empowered Funds LLC now owns 162,500 shares of the basic materials company’s stock valued at $1,263,000 after acquiring an additional 6,950 shares in the last quarter. Institutional investors own 10.67% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of NL Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 10th.

NL Industries Price Performance

NL opened at $7.72 on Friday. The company has a market cap of $377.11 million, a price-to-earnings ratio of 6.43 and a beta of 0.56. The firm has a 50 day simple moving average of $7.40 and a 200 day simple moving average of $7.57. NL Industries, Inc. has a fifty-two week low of $5.20 and a fifty-two week high of $9.42.

NL Industries (NYSE:NL) last issued its earnings results on Thursday, March 6th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. NL Industries had a net margin of 38.69% and a return on equity of 14.74%. The firm had revenue of $38.40 million during the quarter.

NL Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from NL Industries’s previous quarterly dividend of $0.08. NL Industries’s dividend payout ratio is 26.09%.

Insider Activity

In other NL Industries news, Director Kevin B. Kramer bought 6,500 shares of NL Industries stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $6.59 per share, for a total transaction of $42,835.00. Following the completion of the acquisition, the director now owns 9,350 shares of the company’s stock, valued at $61,616.50. This trade represents a 228.07 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

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.