NL Industries, Inc. (NYSE:NL – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.02 and traded as low as $5.90. NL Industries shares last traded at $6.0570, with a volume of 49,989 shares.
Wall Street Analysts Forecast Growth
A number of analysts 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 note on Saturday, May 9th. Weiss Ratings raised shares of NL Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, NL Industries presently has an average rating of “Hold”.
NL Industries Trading Up 1.5%
NL Industries (NYSE:NL – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.14). The company had revenue of $40.57 million during the quarter, compared to the consensus estimate of $40.57 million. NL Industries had a negative return on equity of 8.74% and a negative net margin of 21.56%.
NL Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, June 4th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, June 4th. NL Industries’s dividend payout ratio is currently -57.97%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio acquired a new position in NL Industries during the 1st quarter valued at about $35,000. CANADA LIFE ASSURANCE Co increased its position in NL Industries by 80.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 5,985 shares of the basic materials company’s stock valued at $33,000 after buying an additional 2,667 shares in the last quarter. Wells Fargo & Company MN increased its position in NL Industries by 34.3% during the 4th quarter. Wells Fargo & Company MN now owns 9,445 shares of the basic materials company’s stock valued at $52,000 after buying an additional 2,413 shares in the last quarter. NewEdge Advisors LLC acquired a new position in NL Industries during the 4th quarter valued at about $57,000. Finally, Money Concepts Capital Corp acquired a new position in NL Industries during the 1st quarter valued at about $92,000. 10.67% of the stock is owned by institutional investors and hedge funds.
NL Industries Company Profile
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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