NL Industries (NYSE:NL) Stock Crosses Above 200 Day Moving Average – Time to Sell?

NL Industries, Inc. (NYSE:NL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.21 and traded as high as $7.50. NL Industries shares last traded at $7.40, with a volume of 23,188 shares.

Analyst Ratings Changes

Separately, Barclays upped their price objective on shares of NL Industries from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th.

NL Industries Stock Down 0.9 %

The stock’s 50 day moving average is $7.89 and its two-hundred day moving average is $7.22. The company has a market capitalization of $361.49 million, a PE ratio of 6.17 and a beta of 0.54.

NL Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Friday, November 29th. NL Industries’s dividend payout ratio (DPR) is presently 26.67%.

Institutional Trading of NL Industries

Hedge funds have recently modified their holdings of the company. Gladius Capital Management LP purchased a new stake in shares of NL Industries during the third quarter valued at about $39,000. Barclays PLC increased its holdings in shares of NL Industries by 311.4% during the third quarter. Barclays PLC now owns 11,934 shares of the basic materials company’s stock valued at $89,000 after acquiring an additional 9,033 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NL Industries by 112.1% during the third quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 11,815 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of NL Industries by 1,454.4% during the third quarter. BNP Paribas Financial Markets now owns 22,492 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 21,045 shares in the last quarter. Finally, Heron Bay Capital Management increased its holdings in shares of NL Industries by 138.6% during the second quarter. Heron Bay Capital Management now owns 34,766 shares of the basic materials company’s stock valued at $210,000 after acquiring an additional 20,196 shares in the last quarter. 10.67% of the stock is owned by hedge funds and other institutional investors.

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.