NL Industries, Inc. (NYSE:NL) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in NL Industries, Inc. (NYSE:NL) by 17.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,816 shares of the basic materials company’s stock after purchasing an additional 2,217 shares during the quarter. Rhumbline Advisers’ holdings in NL Industries were worth $115,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in NL Industries by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 185,598 shares of the basic materials company’s stock worth $1,379,000 after acquiring an additional 3,014 shares during the last quarter. Empowered Funds LLC raised its stake in NL Industries by 4.5% in the 4th quarter. Empowered Funds LLC now owns 162,500 shares of the basic materials company’s stock worth $1,263,000 after acquiring an additional 6,950 shares during the last quarter. Wealthstar Advisors LLC purchased a new position in NL Industries in the 4th quarter worth $670,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in NL Industries by 42.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,569 shares of the basic materials company’s stock worth $391,000 after acquiring an additional 15,627 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in NL Industries by 34.6% in the 4th quarter. Ritholtz Wealth Management now owns 29,361 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 7,548 shares during the last quarter. Institutional investors and hedge funds own 10.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered NL Industries from a “strong-buy” rating to a “buy” rating in a research note on Monday.

NL Industries Price Performance

Shares of NL stock opened at $7.10 on Tuesday. The business has a fifty day moving average of $7.41 and a 200 day moving average of $7.51. The firm has a market capitalization of $346.58 million, a price-to-earnings ratio of 5.91 and a beta of 0.56. NL Industries, Inc. has a 1 year low of $5.20 and a 1 year high of $9.42.

NL Industries (NYSE:NL) last released its quarterly earnings data on Thursday, March 6th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $38.40 million during the quarter. NL Industries had a return on equity of 14.74% and a net margin of 38.69%.

NL Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.07%. This is a positive change from NL Industries’s previous quarterly dividend of $0.08. NL Industries’s dividend payout ratio (DPR) is presently 26.09%.

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.