NL Industries, Inc. (NYSE:NL - Get Free Report) Director Kevin B. Kramer purchased 6,500 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $6.59 per share, for a total transaction of $42,835.00. Following the purchase, the director now directly owns 9,350 shares of the company's stock, valued at $61,616.50. This trade represents a 228.07 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NL Industries Stock Performance
NL opened at $7.32 on Thursday. The company has a fifty day moving average price of $7.37 and a two-hundred day moving average price of $7.52. The firm has a market capitalization of $357.32 million, a PE ratio of 6.10 and a beta of 0.56. NL Industries, Inc. has a 52 week low of $5.20 and a 52 week high of $9.42.
NL Industries (NYSE:NL - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The basic materials company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.13. NL Industries had a return on equity of 14.74% and a net margin of 38.69%. The business had revenue of $38.40 million during the quarter.
NL Industries Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.92%. This is an increase from NL Industries's previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, March 11th. NL Industries's dividend payout ratio (DPR) is currently 26.09%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gladius Capital Management LP bought a new stake in NL Industries in the third quarter valued at approximately $39,000. Lazard Asset Management LLC grew its holdings in shares of NL Industries by 42.9% in the 4th quarter. Lazard Asset Management LLC now owns 9,556 shares of the basic materials company's stock valued at $74,000 after buying an additional 2,871 shares during the period. Barclays PLC increased its position in shares of NL Industries by 311.4% in 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 in the last quarter. Rhumbline Advisers raised its stake in NL Industries by 17.6% during the 4th quarter. Rhumbline Advisers now owns 14,816 shares of the basic materials company's stock worth $115,000 after buying an additional 2,217 shares during the period. Finally, WINTON GROUP Ltd bought a new position in NL Industries during the fourth quarter worth about $159,000. Institutional investors own 10.67% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of NL Industries from a "strong-buy" rating to a "buy" rating in a research report on Monday.
Read Our Latest Stock Report on NL Industries
NL Industries Company Profile
(
Get Free Report)
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.
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