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

NL Industries, Inc. (NYSE:NL)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.11 and traded as high as $6.50. NL Industries shares last traded at $6.49, with a volume of 27,592 shares changing hands.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of NL Industries from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “hold (c-)” rating on shares of NL Industries in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

NL Industries Trading Up 0.8%

The firm has a market capitalization of $317.36 million, a price-to-earnings ratio of -12.48 and a beta of 0.22. The firm’s 50-day moving average is $6.07 and its 200 day moving average is $6.11.

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

NL Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Thursday, September 3rd. NL Industries’s dividend payout ratio is currently -76.92%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NL. Dimensional Fund Advisors LP grew its holdings in 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 acquiring an additional 15,950 shares during the period. Aristides Capital LLC lifted its stake in 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 during the period. Bridgeway Capital Management LLC lifted its stake in NL Industries by 8.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 299,093 shares of the basic materials company’s stock valued at $1,636,000 after buying an additional 23,029 shares during the period. Empowered Funds LLC boosted its holdings 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 buying an additional 23,029 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 buying an additional 7,222 shares in the last quarter. Institutional investors and hedge funds own 10.67% of the company’s stock.

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.