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

NL Industries, Inc. (NYSE:NL)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.98 and traded as high as $8.35. NL Industries shares last traded at $7.98, with a volume of 68,531 shares.

Analysts Set New Price Targets

Separately, Barclays increased their price objective on NL Industries from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Wednesday, September 25th.

NL Industries Stock Down 0.7 %

The business’s 50 day simple moving average is $7.98 and its 200 day simple moving average is $7.08. The company has a market capitalization of $389.81 million, a PE ratio of 6.65 and a beta of 0.52.

NL Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Friday, November 29th. NL Industries’s dividend payout ratio is 26.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of NL Industries by 112.1% during the third quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 11,815 shares during the period. Barclays PLC boosted its stake in shares of NL Industries by 311.4% during the 3rd quarter. Barclays PLC now owns 11,934 shares of the basic materials company’s stock valued at $89,000 after buying an additional 9,033 shares during the period. Geode Capital Management LLC boosted its stake in shares of NL Industries by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 185,598 shares of the basic materials company’s stock valued at $1,379,000 after buying an additional 3,014 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of NL Industries by 1,454.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,492 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 21,045 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of NL Industries by 42.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,569 shares of the basic materials company’s stock worth $391,000 after acquiring an additional 15,627 shares during the last quarter. Hedge funds and other institutional investors own 10.67% of the company’s stock.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.