NL Industries (NYSE:NL) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

NL Industries, Inc. (NYSE:NL)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.98 and traded as high as $8.35. NL Industries shares last traded at $7.98, with a volume of 68,531 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Barclays increased their price objective on NL Industries from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th.

NL Industries Trading Down 0.7 %

The business’s fifty day moving average price is $7.98 and its two-hundred day moving average price is $7.08. The firm has a market cap of $389.81 million, a P/E ratio of 6.65 and a beta of 0.52.

NL Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.01%. The ex-dividend date was Friday, November 29th. NL Industries’s payout ratio is 26.67%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in NL Industries by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 185,598 shares of the basic materials company’s stock worth $1,379,000 after acquiring an additional 3,014 shares during the period. Gladius Capital Management LP bought a new position in shares of NL Industries in the third quarter worth about $39,000. Empowered Funds LLC lifted its position in shares of NL Industries by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 155,550 shares of the basic materials company’s stock worth $1,156,000 after purchasing an additional 7,906 shares during the last quarter. Barclays PLC lifted its position in shares of NL Industries by 311.4% during the 3rd quarter. Barclays PLC now owns 11,934 shares of the basic materials company’s stock worth $89,000 after purchasing an additional 9,033 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in NL Industries by 112.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company’s stock valued at $166,000 after purchasing an additional 11,815 shares during the period. 10.67% of the stock is owned by institutional investors.

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.