NL Industries (NYSE:NL) PT Raised to $6.00 at Barclays

NL Industries (NYSE:NL) had its target price boosted by Barclays from $5.00 to $6.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an underweight rating on the basic materials company’s stock.

NL Industries Stock Performance

NL Industries stock opened at $7.38 on Wednesday. NL Industries has a 52 week low of $4.46 and a 52 week high of $8.93. The firm has a market capitalization of $360.39 million, a PE ratio of 30.75 and a beta of 0.51. The business’s 50-day simple moving average is $6.51 and its 200-day simple moving average is $6.93.

NL Industries (NYSE:NL) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.16 EPS for the quarter. NL Industries had a return on equity of 5.68% and a net margin of 14.10%. The company had revenue of $35.90 million during the quarter.

NL Industries Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Tuesday, September 24th. Stockholders of record on Friday, September 6th were given a dividend of $0.43 per share. This represents a dividend yield of 9.4%. The ex-dividend date was Friday, September 6th. NL Industries’s dividend payout ratio is currently 133.33%.

Hedge Funds Weigh In On NL Industries

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of NL Industries by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,964,169 shares of the basic materials company’s stock valued at $11,844,000 after purchasing an additional 23,574 shares during the period. Aristides Capital LLC increased its holdings in NL Industries by 1.1% in the 1st quarter. Aristides Capital LLC now owns 405,313 shares of the basic materials company’s stock valued at $2,971,000 after buying an additional 4,294 shares during the period. Vanguard Group Inc. raised its stake in shares of NL Industries by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 356,510 shares of the basic materials company’s stock valued at $2,613,000 after buying an additional 4,412 shares in the last quarter. Empowered Funds LLC raised its stake in shares of NL Industries by 8.1% in the 1st quarter. Empowered Funds LLC now owns 137,024 shares of the basic materials company’s stock valued at $1,004,000 after buying an additional 10,325 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of NL Industries by 59.9% during the 2nd quarter. Acadian Asset Management LLC now owns 59,541 shares of the basic materials company’s stock worth $356,000 after acquiring an additional 22,293 shares during the period. Institutional investors and hedge funds 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.