NL Industries (NYSE:NL) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

NL Industries, Inc. (NYSE:NL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.18 and traded as high as $7.09. NL Industries shares last traded at $6.99, with a volume of 22,701 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of NL Industries in a research report on Wednesday, August 5th. One 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 Price Performance

The firm has a 50-day moving average of $6.34 and a 200 day moving average of $6.18. The stock has a market capitalization of $343.52 million, a price-to-earnings ratio of -13.51 and a beta of 0.22.

NL Industries (NYSE:NL) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). The company had revenue of $43.61 million for the quarter, compared to analyst estimates of $43.61 million. NL Industries had a negative return on equity of 6.67% and a negative net margin of 15.75%.

NL Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Thursday, September 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Thursday, September 3rd. NL Industries’s payout ratio is presently -76.92%.

Institutional Trading of NL Industries

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of NL Industries by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,089,167 shares of the basic materials company’s stock worth $12,180,000 after purchasing an additional 15,950 shares during the last quarter. Renaissance Technologies LLC lifted its stake in NL Industries by 16.0% in the 1st quarter. Renaissance Technologies LLC now owns 162,470 shares of the basic materials company’s stock valued at $947,000 after purchasing an additional 22,456 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in NL Industries by 48.6% in the 1st quarter. Bank of New York Mellon Corp now owns 64,752 shares of the basic materials company’s stock valued at $378,000 after purchasing an additional 21,184 shares during the last quarter. Byrne Asset Management LLC bought a new position in NL Industries during the second quarter worth about $143,000. Finally, Money Concepts Capital Corp bought a new position in NL Industries during the first quarter worth about $92,000. Institutional investors and hedge funds own 10.67% of the company’s stock.

About NL Industries

NL Industries, Inc (NYSE:NL) is a holding company with interests in chemical manufacturing and component products. The company’s principal businesses are conducted through its investments in Kronos Worldwide, Inc and CompX International Inc

Through Kronos Worldwide, NL Industries is involved in the production and sale of titanium dioxide pigments. These pigments are used primarily to provide whiteness, brightness, and opacity in coatings, plastics, and paper. Kronos serves customers in North America, Europe, and other international markets through its manufacturing and distribution operations.

NL Industries’ component products business is operated through CompX International, which manufactures security products and marine components.