NL Industries (NYSE:NL) Price Target Raised to $6.00 at Barclays

NL Industries (NYSE:NL) had its price target boosted by Barclays from $5.00 to $6.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an underweight rating on the basic materials company’s stock.

NL Industries Stock Performance

NYSE:NL opened at $7.38 on Wednesday. The company has a market capitalization of $360.39 million, a price-to-earnings ratio of 30.75 and a beta of 0.51. NL Industries has a one year low of $4.46 and a one year high of $8.93. The stock has a 50-day simple moving average of $6.51 and a 200 day simple moving average of $6.93.

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

NL Industries Announces Dividend

The firm also recently declared a None dividend, which was paid on Tuesday, September 24th. Stockholders of record on Friday, September 6th were given a $0.43 dividend. The ex-dividend date was Friday, September 6th. This represents a dividend yield of 9.4%. NL Industries’s payout ratio is currently 133.33%.

Institutional Investors Weigh In On NL Industries

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in NL Industries by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,964,169 shares of the basic materials company’s stock valued at $11,844,000 after acquiring an additional 23,574 shares during the period. Aristides Capital LLC boosted its position in NL Industries by 1.1% during the 1st quarter. Aristides Capital LLC now owns 405,313 shares of the basic materials company’s stock valued at $2,971,000 after purchasing an additional 4,294 shares during the period. Vanguard Group Inc. grew its stake in NL Industries by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 356,510 shares of the basic materials company’s stock worth $2,613,000 after buying an additional 4,412 shares during the last quarter. Empowered Funds LLC increased its position in NL Industries by 8.1% in the first quarter. Empowered Funds LLC now owns 137,024 shares of the basic materials company’s stock worth $1,004,000 after buying an additional 10,325 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of NL Industries by 59.9% during the second quarter. Acadian Asset Management LLC now owns 59,541 shares of the basic materials company’s stock valued at $356,000 after acquiring an additional 22,293 shares during the period. Institutional investors own 10.67% of the company’s stock.

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.