NL Industries, Inc. (NYSE:NL) Stock Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of NL Industries, Inc. (NYSE:NL) by 77.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,160 shares of the basic materials company’s stock after acquiring an additional 19,316 shares during the quarter. Bank of New York Mellon Corp’s holdings in NL Industries were worth $343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of 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 valued at $1,379,000 after purchasing an additional 3,014 shares during the period. Empowered Funds LLC increased its stake in NL Industries by 4.5% in the 4th quarter. Empowered Funds LLC now owns 162,500 shares of the basic materials company’s stock valued at $1,263,000 after buying an additional 6,950 shares during the period. Wealthstar Advisors LLC purchased a new stake in NL Industries in the 4th quarter worth approximately $670,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of NL Industries by 42.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,569 shares of the basic materials company’s stock valued at $391,000 after buying an additional 15,627 shares during the period. Finally, Ritholtz Wealth Management increased its position in NL Industries by 34.6% in the 4th quarter. Ritholtz Wealth Management now owns 29,361 shares of the basic materials company’s stock worth $228,000 after purchasing an additional 7,548 shares during the last quarter. Institutional investors and hedge funds own 10.67% of the company’s stock.

NL Industries Price Performance

Shares of NYSE:NL opened at $7.72 on Friday. The stock has a market capitalization of $376.86 million, a P/E ratio of 6.43 and a beta of 0.56. The business has a 50-day moving average of $7.42 and a two-hundred day moving average of $7.61. NL Industries, Inc. has a fifty-two week low of $5.20 and a fifty-two week high of $9.42.

NL Industries (NYSE:NL) last posted its earnings results on Thursday, March 6th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13. NL Industries had a return on equity of 14.74% and a net margin of 38.69%. The firm had revenue of $38.40 million during the quarter.

NL Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from NL Industries’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 4.67%. NL Industries’s dividend payout ratio (DPR) is presently 26.09%.

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, March 10th.

Insider Transactions at NL Industries

In related news, Director Kevin B. Kramer acquired 6,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $6.59 per share, with a total value of $42,835.00. Following the completion of the acquisition, the director now owns 9,350 shares in the company, valued at $61,616.50. The trade was a 228.07 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

NL Industries Company Profile

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.