NL Industries (NYSE:NL) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

NL Industries, Inc. (NYSE:NL)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.03 and traded as low as $5.62. NL Industries shares last traded at $6.5750, with a volume of 385,973 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of NL Industries in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

NL Industries Price Performance

The firm has a 50 day moving average of $5.61 and a two-hundred day moving average of $6.03. The stock has a market cap of $321.27 million, a PE ratio of 32.88 and a beta of 0.28.

NL Industries (NYSE:NL) last announced its earnings results on Thursday, November 6th. The basic materials company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.34). The business had revenue of $40.00 million for the quarter. NL Industries had a return on equity of 2.36% and a net margin of 6.10%.

NL Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Friday, November 21st were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Friday, November 21st. NL Industries’s dividend payout ratio is 180.00%.

Institutional Trading of NL Industries

Institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its holdings in NL Industries by 15.5% in the first quarter. Goldman Sachs Group Inc. now owns 27,285 shares of the basic materials company’s stock valued at $216,000 after buying an additional 3,667 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of NL Industries by 12.5% in the 3rd quarter. Ritholtz Wealth Management now owns 29,064 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 3,239 shares during the period. Segall Bryant & Hamill LLC increased its stake in NL Industries by 70.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 93,864 shares of the basic materials company’s stock valued at $577,000 after purchasing an additional 38,640 shares in the last quarter. Millennium Management LLC increased its stake in NL Industries by 179.0% in the 3rd quarter. Millennium Management LLC now owns 33,077 shares of the basic materials company’s stock valued at $203,000 after purchasing an additional 21,223 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in NL Industries by 9.6% during the third quarter. Bridgeway Capital Management LLC now owns 276,064 shares of the basic materials company’s stock worth $1,698,000 after purchasing an additional 24,132 shares during the last quarter. 10.67% of the stock is currently owned by hedge funds and other institutional investors.

NL Industries Company Profile

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.