Nuveen LLC Makes New $183,000 Investment in NL Industries, Inc. $NL

Nuveen LLC purchased a new position in shares of NL Industries, Inc. (NYSE:NL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 23,157 shares of the basic materials company’s stock, valued at approximately $183,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Segall Bryant & Hamill LLC acquired a new position in shares of NL Industries during the first quarter worth approximately $644,000. Wealthstar Advisors LLC raised its position in shares of NL Industries by 93.2% during the first quarter. Wealthstar Advisors LLC now owns 166,621 shares of the basic materials company’s stock worth $1,316,000 after purchasing an additional 80,381 shares during the period. Bailard Inc. acquired a new position in shares of NL Industries during the first quarter worth approximately $141,000. Bridgeway Capital Management LLC raised its position in shares of NL Industries by 3.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 231,462 shares of the basic materials company’s stock worth $1,798,000 after purchasing an additional 6,950 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of NL Industries by 42.9% during the fourth quarter. Lazard Asset Management LLC now owns 9,556 shares of the basic materials company’s stock worth $74,000 after purchasing an additional 2,871 shares during the period. 10.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered NL Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, NL Industries presently has a consensus rating of “Sell” and an average price target of $6.00.

NL Industries Trading Down 4.4%

NYSE NL opened at $6.35 on Friday. The firm has a market capitalization of $310.26 million, a P/E ratio of 5.77 and a beta of 0.29. The business has a fifty day simple moving average of $6.43 and a 200 day simple moving average of $7.13. NL Industries, Inc. has a 12 month low of $5.29 and a 12 month high of $9.42.

NL Industries (NYSE:NL) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.18). The company had revenue of $40.30 million during the quarter. NL Industries had a net margin of 35.06% and a return on equity of 12.93%.

NL Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Friday, September 5th. NL Industries’s dividend payout ratio is presently 32.73%.

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.