Barclays PLC Buys 9,033 Shares of NL Industries, Inc. (NYSE:NL)

Barclays PLC increased its stake in NL Industries, Inc. (NYSE:NL) by 311.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,934 shares of the basic materials company’s stock after purchasing an additional 9,033 shares during the period. Barclays PLC’s holdings in NL Industries were worth $89,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of NL. Gladius Capital Management LP bought a new position in NL Industries in the third quarter valued at about $39,000. BNP Paribas Financial Markets grew its position in 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 valued at $167,000 after acquiring an additional 21,045 shares during the last quarter. Heron Bay Capital Management grew its position in NL Industries by 138.6% in the second quarter. Heron Bay Capital Management now owns 34,766 shares of the basic materials company’s stock valued at $210,000 after acquiring an additional 20,196 shares during the last quarter. Acadian Asset Management LLC grew its position in NL Industries by 59.9% in the second quarter. Acadian Asset Management LLC now owns 59,541 shares of the basic materials company’s stock valued at $356,000 after acquiring an additional 22,293 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in 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 valued at $391,000 after acquiring an additional 15,627 shares during the last quarter. Institutional investors own 10.67% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays boosted their price target on NL Industries from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th.

NL Industries Stock Up 0.5 %

NYSE NL opened at $7.52 on Thursday. The company has a market cap of $367.34 million, a price-to-earnings ratio of 6.27 and a beta of 0.54. NL Industries, Inc. has a 52 week low of $5.00 and a 52 week high of $9.42. The business has a 50 day moving average price of $7.95 and a 200-day moving average price of $7.15.

NL Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 4.26%. NL Industries’s dividend payout ratio (DPR) is currently 26.67%.

NL Industries Company 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.