NL Industries (NYSE:NL) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

NL Industries, Inc. (NYSE:NL) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.96 and traded as low as $6.04. NL Industries shares last traded at $6.13, with a volume of 17,364 shares changing hands.

Analyst Ratings Changes

NL has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NL Industries in a research report on Saturday, September 27th. Wall Street Zen downgraded NL Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

NL Industries Trading Down 0.2%

The company’s 50-day simple moving average is $6.25 and its 200 day simple moving average is $6.96. The stock has a market cap of $299.27 million, a P/E ratio of 5.57 and a beta of 0.36.

NL Industries (NYSE:NL) last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.18). The business 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 was paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, September 5th. This represents a $0.36 annualized dividend and a dividend yield of 5.9%. NL Industries’s dividend payout ratio (DPR) is presently 32.73%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in NL Industries by 15.5% during the first quarter. Goldman Sachs Group Inc. now owns 27,285 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 3,667 shares during the period. Strs Ohio bought a new stake in shares of NL Industries during the 1st quarter valued at $35,000. Empowered Funds LLC lifted its holdings in NL Industries by 3.7% during the 1st quarter. Empowered Funds LLC now owns 168,532 shares of the basic materials company’s stock worth $1,331,000 after purchasing an additional 6,032 shares in the last quarter. Geode Capital Management LLC boosted its stake in NL Industries by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 202,513 shares of the basic materials company’s stock worth $1,296,000 after purchasing an additional 9,952 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in NL Industries by 6.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 251,932 shares of the basic materials company’s stock worth $1,612,000 after purchasing an additional 14,438 shares during the period. Hedge funds and other institutional investors own 10.67% of the company’s stock.

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.