Heron Bay Capital Management Buys 20,196 Shares of NL Industries, Inc. (NYSE:NL)

Heron Bay Capital Management lifted its stake in NL Industries, Inc. (NYSE:NL) by 138.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,766 shares of the basic materials company’s stock after acquiring an additional 20,196 shares during the quarter. Heron Bay Capital Management’s holdings in NL Industries were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NL. Panagora Asset Management Inc. grew its position in NL Industries by 16.7% in the 4th quarter. Panagora Asset Management Inc. now owns 18,249 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 2,615 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of NL Industries by 74.5% in the first quarter. BNP Paribas Financial Markets now owns 3,929 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 1,677 shares during the period. Empowered Funds LLC increased its position in NL Industries by 8.1% during the first quarter. Empowered Funds LLC now owns 137,024 shares of the basic materials company’s stock valued at $1,004,000 after acquiring an additional 10,325 shares during the last quarter. Vanguard Group Inc. lifted its holdings in NL Industries by 1.3% in the first quarter. Vanguard Group Inc. now owns 356,510 shares of the basic materials company’s stock valued at $2,613,000 after acquiring an additional 4,412 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in NL Industries in the first quarter worth about $139,000. Institutional investors own 10.67% of the company’s stock.

NL Industries Stock Down 0.6 %

NL Industries stock opened at $6.99 on Friday. NL Industries, Inc. has a 52-week low of $4.46 and a 52-week high of $8.93. The company has a market cap of $341.34 million, a P/E ratio of 29.13 and a beta of 0.51. The business has a 50-day simple moving average of $6.41 and a two-hundred day simple moving average of $6.89.

NL Industries (NYSE:NL) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter. NL Industries had a net margin of 14.10% and a return on equity of 5.68%. The company had revenue of $35.90 million for the quarter.

NL Industries Announces Dividend

The company also recently announced a None dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.43 per share. This represents a yield of 9.4%. The ex-dividend date is Friday, September 6th. NL Industries’s payout ratio is 133.33%.

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.