23 hours Ago By Defense World Staff
Renaissance Technologies LLC reduced its holdings in NL Industries, Inc. (NYSE:NL – Free Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 149,314 shares of the basic materials company’s stock after selling 3,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.31% of NL Industries worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the business. Aristides Capital LLC raised its position in shares of NL Industries by 5.3% in the 4th quarter.
Aristides Capital LLC now owns 426,626 shares of the basic materials company’s stock worth $3,315,000 after buying an additional 21,313 shares during the period. Raymond James Financial Inc. purchased a new position in shares of NL Industries in the 4th quarter worth about $1,622,000.
Geode Capital Management LLC lifted its stake in shares of NL Industries by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 189,522 shares of the basic materials company’s stock valued at $1,473,000 after purchasing an additional 3,924 shares in the last quarter.
Empowered Funds LLC lifted its stake in shares of 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 purchasing an additional 6,950 shares in the last quarter.
Finally, Wealthstar Advisors LLC purchased a new stake in shares of NL Industries during the 4th quarter worth about $670,000. 10.67% of the stock is currently owned by hedge funds and other institutional investors.
NL Industries Trading Down 0.3 %Shares of NYSE NL opened at $8.39 on Wednesday.
The stock has a fifty day moving average price of $7.56 and a 200 day moving average price of $7.71.
NL Industries, Inc. has a 12-month low of $5.20 and a 12-month high of $9.
42. The company has a market cap of $409.59 million, a P/E ratio of 6.
99 and a beta of 0.41. NL Industries (NYSE:NL – Get Free Report) last posted its earnings results on Thursday, March 6th.
The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.
13. The business had revenue of $38.40 million during the quarter.
NL Industries had a return on equity of 14.74% and a net margin of 38.69%.
NL Industries Increases DividendThe company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.09 per share.
This is a boost from NL Industries’s previous quarterly dividend of $0.08. This represents a $0.
36 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Tuesday, March 11th.
NL Industries’s payout ratio is presently 26.09%. Insider ActivityIn other NL Industries news, Director Kevin B.
Kramer purchased 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $6.59 per share, for a total transaction of $42,835.
00. Following the completion of the purchase, the director now owns 9,350 shares in the company, valued at $61,616.50.
The trade was a 228.07 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Insiders own 0.26% of the company’s stock. Wall Street Analysts Forecast GrowthSeparately, StockNews.
com cut shares of NL Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 10th.Read Our Latest Analysis on NL IndustriesNL Industries Profile (Free Report)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.
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