NL Industries (NYSE:NL) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

NL Industries (NYSE:NLGet Free Report) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03), FiscalAI reports. The company had revenue of $43.61 million for the quarter, compared to the consensus estimate of $40.92 million. NL Industries had a negative net margin of 21.56% and a negative return on equity of 8.74%.

NL Industries Trading Up 8.9%

NL Industries stock traded up $0.51 during mid-day trading on Thursday, reaching $6.26. The company’s stock had a trading volume of 82,030 shares, compared to its average volume of 57,022. The firm has a market cap of $305.81 million, a price-to-earnings ratio of -9.07 and a beta of 0.22. The business has a 50 day moving average price of $5.99 and a 200-day moving average price of $6.08. NL Industries has a twelve month low of $5.04 and a twelve month high of $8.60.

NL Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Thursday, September 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.40 annualized dividend and a yield of 6.4%. NL Industries’s dividend payout ratio (DPR) is -57.97%.

Institutional Trading of NL Industries

A number of institutional investors and hedge funds have recently modified their holdings of the business. Aristides Capital LLC boosted its holdings in shares of NL Industries by 0.5% in the 4th quarter. Aristides Capital LLC now owns 417,014 shares of the basic materials company’s stock valued at $2,281,000 after buying an additional 2,075 shares during the period. Bridgeway Capital Management LLC grew its position in shares of NL Industries by 8.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 299,093 shares of the basic materials company’s stock valued at $1,636,000 after buying an additional 23,029 shares during the last quarter. Empowered Funds LLC grew its position in shares of NL Industries by 11.0% during the 4th quarter. Empowered Funds LLC now owns 232,131 shares of the basic materials company’s stock valued at $1,270,000 after buying an additional 23,029 shares during the last quarter. Geode Capital Management LLC raised its stake in NL Industries by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 209,872 shares of the basic materials company’s stock worth $1,148,000 after acquiring an additional 7,222 shares during the period. Finally, Millennium Management LLC raised its stake in NL Industries by 179.0% during the third quarter. Millennium Management LLC now owns 33,077 shares of the basic materials company’s stock worth $203,000 after acquiring an additional 21,223 shares during the period. 10.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of NL Industries from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of NL Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

View Our Latest Report on NL

NL Industries Company Profile

(Get Free Report)

NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.

NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.

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Earnings History for NL Industries (NYSE:NL)

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