NL Industries (NYSE:NL) Share Price Passes Above 200 Day Moving Average – Should You Sell?

NL Industries, Inc. (NYSE:NLGet Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.10 and traded as high as $6.81. NL Industries shares last traded at $6.5140, with a volume of 31,721 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NL shares. Weiss Ratings restated a “hold (c-)” rating on shares of NL Industries in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of NL Industries from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, NL Industries presently has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on NL

NL Industries Stock Down 1.1%

The firm has a market capitalization of $315.75 million, a P/E ratio of -12.42 and a beta of 0.22. The stock has a fifty day moving average of $6.03 and a 200-day moving average of $6.10.

NL Industries (NYSE:NLGet Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). NL Industries had a negative net margin of 15.75% and a negative return on equity of 6.67%. The firm had revenue of $43.61 million during the quarter, compared to the consensus estimate of $43.61 million.

NL Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Thursday, September 3rd will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.2%. NL Industries’s dividend payout ratio (DPR) is -76.92%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NL. Dimensional Fund Advisors LP grew its position in NL Industries by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,089,167 shares of the basic materials company’s stock valued at $12,180,000 after purchasing an additional 15,950 shares in the last quarter. Aristides Capital LLC lifted its position in NL Industries by 0.5% during the 4th quarter. Aristides Capital LLC now owns 417,014 shares of the basic materials company’s stock worth $2,281,000 after buying an additional 2,075 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in 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 worth $1,636,000 after buying an additional 23,029 shares in the last quarter. Empowered Funds LLC boosted its stake 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 worth $1,270,000 after buying an additional 23,029 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of NL Industries by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 209,872 shares of the basic materials company’s stock worth $1,148,000 after buying an additional 7,222 shares during the last quarter. Institutional investors and hedge funds own 10.67% of the company’s stock.

About NL Industries

(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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