NL Industries (NYSE:NL) Issues Earnings Results, Misses Expectations By $0.34 EPS

NL Industries (NYSE:NL) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.34), FiscalAI reports. The company had revenue of $40.00 million for the quarter. NL Industries had a return on equity of 12.93% and a net margin of 35.06%.

NL Industries Trading Down 2.2%

Shares of NYSE:NL traded down $0.13 during trading on Friday, reaching $5.72. The stock had a trading volume of 22,120 shares, compared to its average volume of 34,085. The company has a market capitalization of $279.50 million, a P/E ratio of 5.20 and a beta of 0.35. The firm’s 50-day simple moving average is $6.07 and its 200 day simple moving average is $6.68. NL Industries has a one year low of $5.29 and a one year high of $9.42.

NL Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 21st will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, November 21st. NL Industries’s payout ratio is presently 32.73%.

Institutional Trading of NL Industries

Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers raised its stake in NL Industries by 73.6% in the third quarter. Rhumbline Advisers now owns 23,547 shares of the basic materials company’s stock valued at $145,000 after buying an additional 9,984 shares during the last quarter. Ritholtz Wealth Management increased its stake in NL Industries by 12.5% during the 3rd quarter. Ritholtz Wealth Management now owns 29,064 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 3,239 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of NL Industries by 6.1% in the second quarter. Bridgeway Capital Management LLC now owns 251,932 shares of the basic materials company’s stock worth $1,612,000 after buying an additional 14,438 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of NL Industries during the second quarter worth $158,000. Finally, Geode Capital Management LLC grew its holdings in shares of NL Industries by 5.2% during the second quarter. Geode Capital Management LLC now owns 202,513 shares of the basic materials company’s stock valued at $1,296,000 after buying an additional 9,952 shares during the last quarter. Institutional investors and hedge funds own 10.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NL. Weiss Ratings reissued a “hold (c)” rating on shares of NL Industries in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of NL Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

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.