NL Industries (NYSE:NL) Stock Price Passes Below Two Hundred Day Moving Average of $5.30

Shares of NL Industries, Inc. (NYSE:NL) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.30 and traded as low as $5.04. NL Industries shares last traded at $5.10, with a volume of 66,050 shares.

Analysts Set New Price Targets

NL has been the topic of a number of research reports. StockNews.com began coverage on shares of NL Industries in a research report on Tuesday, October 24th. They issued a “buy” rating on the stock. Barclays decreased their price objective on NL Industries from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Friday, August 25th.

NL Industries Stock Performance

The firm has a fifty day moving average price of $4.81 and a 200 day moving average price of $5.30. The company has a market cap of $249.03 million, a price-to-earnings ratio of -15.45 and a beta of 0.73.

NL Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Thursday, November 30th. NL Industries’s dividend payout ratio is currently -84.85%.

Institutional Investors Weigh In On NL Industries

Several hedge funds have recently bought and sold shares of NL. Barclays PLC lifted its position in shares of NL Industries by 88.2% in the first quarter. Barclays PLC now owns 4,226 shares of the basic materials company’s stock valued at $25,000 after buying an additional 1,981 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its holdings in NL Industries by 63.7% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,660 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 1,424 shares during the last quarter. UBS Group AG boosted its position in NL Industries by 128.9% during the third quarter. UBS Group AG now owns 5,157 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 2,904 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of NL Industries by 31.4% in the fourth quarter. JPMorgan Chase & Co. now owns 5,881 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,406 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of NL Industries by 57.8% in the third quarter. Deutsche Bank AG now owns 12,895 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 4,724 shares during the period. 10.97% of the stock is currently owned by institutional investors and hedge funds.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in the United States 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.