NL Industries, Inc. (NYSE:NL) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its position in NL Industries, Inc. (NYSE:NL) by 9.7% in the fourth quarter, Holdings Channel reports. The firm owned 307,555 shares of the basic materials company’s stock after selling 33,177 shares during the quarter. Raymond James & Associates’ holdings in NL Industries were worth $1,725,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its holdings in NL Industries by 88.2% in the first quarter. Barclays PLC now owns 4,226 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 1,981 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its holdings in NL Industries by 63.7% in the third quarter. BNP Paribas Arbitrage SNC now owns 3,660 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 1,424 shares during the last quarter. UBS Group AG lifted its holdings in NL Industries by 128.9% in the third quarter. UBS Group AG now owns 5,157 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 2,904 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in NL Industries by 31.4% in the fourth quarter. JPMorgan Chase & Co. now owns 5,881 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 1,406 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in NL Industries by 57.8% in the third quarter. Deutsche Bank AG now owns 12,895 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 4,724 shares during the last quarter. 10.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of NL Industries in a report on Tuesday, April 2nd. They issued a “strong-buy” rating on the stock.

NL Industries Stock Down 2.8 %

Shares of NYSE NL opened at $7.74 on Thursday. The firm’s 50-day moving average price is $6.49 and its two-hundred day moving average price is $5.59. The stock has a market capitalization of $377.94 million, a P/E ratio of -193.45 and a beta of 0.69. NL Industries, Inc. has a 52-week low of $4.46 and a 52-week high of $8.60.

NL Industries (NYSE:NL) last released its quarterly earnings results on Wednesday, March 6th. The basic materials company reported $0.16 earnings per share for the quarter. The company had revenue of $43.20 million for the quarter. NL Industries had a negative return on equity of 0.59% and a negative net margin of 1.43%.

NL Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from NL Industries’s previous quarterly dividend of $0.07. NL Industries’s payout ratio is -799.80%.

NL Industries 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.