NL Industries (NYSE:NL) Releases Earnings Results, Misses Estimates By $0.81 EPS

NL Industries (NYSE:NL) issued its quarterly earnings data on Monday. The basic materials company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.81), FiscalAI reports. The company had revenue of $37.70 million for the quarter. NL Industries had a net margin of 6.10% and a return on equity of 2.36%.

NL Industries Price Performance

Shares of NL traded down $0.05 during mid-day trading on Monday, hitting $6.01. The company’s stock had a trading volume of 48,847 shares, compared to its average volume of 65,213. The firm has a 50-day moving average price of $6.07 and a 200 day moving average price of $5.97. NL Industries has a fifty-two week low of $5.04 and a fifty-two week high of $9.27. The stock has a market capitalization of $293.55 million, a price-to-earnings ratio of 30.04 and a beta of 0.24.

NL Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.40 annualized dividend and a dividend yield of 6.7%. This is an increase from NL Industries’s previous quarterly dividend of $0.09. NL Industries’s dividend payout ratio is presently 180.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NL. Aristides Capital LLC increased its holdings in shares of NL Industries by 0.5% in the fourth 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 in the last quarter. Bridgeway Capital Management LLC lifted 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 acquiring an additional 23,029 shares during 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 acquiring an additional 23,029 shares in the last quarter. 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 acquiring an additional 7,222 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of NL Industries by 179.0% in the 3rd 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 last quarter. Institutional investors and hedge funds own 10.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NL shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of NL Industries in a research report on Monday, December 29th. Wall Street Zen raised shares of NL Industries to a “sell” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About NL Industries

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.