I'm LongbridgeAI, I can summarize articles.NL Industries (NYSE:NL) shares crossed above their 200-day moving average of $6.10, trading at $6.5140. Analyst ratings remain mixed with an average 'Hold' consensus, though Wall Street Zen upgraded from 'Sell'. The company reported Q2 EPS of $0.18, missing estimates, and announced a $0.10 quarterly dividend. Institutional investors, including Renaissance Technologies and Dimensional Fund Advisors, have recently increased their stakes in the stock.
NL Industries, Inc. (NYSE:NL - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.10 and traded as high as $6.81. NL Industries shares last traded at $6.5140, with a volume of 31,721 shares changing hands.
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Analyst Ratings Changes
- Dividend Increases: From Over 10% Yields to Over 10% Dividend Growth
A number of brokerages have recently commented on NL. Wall Street Zen raised NL Industries from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed 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, Based on data from MarketBeat.com, NL Industries presently has an average rating of "Hold".
View Our Latest Analysis on NL Industries
NL Industries Stock Performance
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The firm has a market cap of $318.53 million, a PE ratio of -12.53 and a beta of 0.22. The stock has a 50-day simple moving average of $6.02 and a two-hundred day simple moving average of $6.10.
NL Industries (NYSE:NL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). NL Industries had a negative return on equity of 6.67% and a negative net margin of 15.75%.The company had revenue of $43.61 million during the quarter, compared to the consensus estimate of $43.61 million.
NL Industries Dividend Announcement
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Thursday, September 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 6.1%. The ex-dividend date is Thursday, September 3rd. NL Industries's payout ratio is -76.92%.
Institutional Trading of NL Industries
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC bought a new stake in shares of NL Industries during the 2nd quarter valued at $143,000. Renaissance Technologies LLC increased its position in NL Industries by 16.0% in the first quarter. Renaissance Technologies LLC now owns 162,470 shares of the basic materials company's stock worth $947,000 after buying an additional 22,456 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 valued at $12,180,000 after buying an additional 15,950 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of NL Industries by 48.6% during the 1st quarter. Bank of New York Mellon Corp now owns 64,752 shares of the basic materials company's stock valued at $378,000 after acquiring an additional 21,184 shares during the period. Finally, Money Concepts Capital Corp purchased a new stake in NL Industries in the 1st quarter worth approximately $92,000. 10.67% of the stock is owned by hedge funds and other institutional investors.
About NL Industries
(Get Free Report)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.
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