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

NL Industries, Inc. (NYSE:NL) crossed 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.

Analysts Set New Price Targets

Separately, Barclays raised their target price 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 Price Performance

The firm’s 50-day moving average is $7.89 and its two-hundred day moving average is $7.22. The company has a market cap of $361.49 million, a P/E ratio of 6.17 and a beta of 0.54.

NL Industries Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Gladius Capital Management LP bought a new position in shares of NL Industries in the third quarter worth about $39,000. Barclays PLC grew its holdings in shares of NL Industries by 311.4% in the third quarter. Barclays PLC now owns 11,934 shares of the basic materials company’s stock worth $89,000 after purchasing an additional 9,033 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NL Industries by 112.1% in the third quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 11,815 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of NL Industries by 1,454.4% in the third quarter. BNP Paribas Financial Markets now owns 22,492 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 21,045 shares during the last quarter. Finally, Heron Bay Capital Management grew its holdings in shares of NL Industries by 138.6% in the second quarter. Heron Bay Capital Management now owns 34,766 shares of the basic materials company’s stock worth $210,000 after purchasing an additional 20,196 shares during the last quarter. Institutional investors own 10.67% of the company’s stock.

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.