18,630 Shares in NL Industries, Inc. (NYSE:NL) Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management purchased a new stake in NL Industries, Inc. (NYSE:NL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,630 shares of the basic materials company’s stock, valued at approximately $112,000.

Other large investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in NL Industries by 74.5% in the first quarter. BNP Paribas Financial Markets now owns 3,929 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,677 shares during the period. Panagora Asset Management Inc. raised its position in NL Industries by 16.7% during the 4th quarter. Panagora Asset Management Inc. now owns 18,249 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 2,615 shares during the last quarter. Aristides Capital LLC raised its position in NL Industries by 1.1% during the 1st quarter. Aristides Capital LLC now owns 405,313 shares of the basic materials company’s stock worth $2,971,000 after purchasing an additional 4,294 shares during the last quarter. Vanguard Group Inc. raised its position in NL Industries by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 356,510 shares of the basic materials company’s stock worth $2,613,000 after purchasing an additional 4,412 shares during the last quarter. Finally, Empowered Funds LLC raised its position in NL Industries by 8.1% during the 1st quarter. Empowered Funds LLC now owns 137,024 shares of the basic materials company’s stock worth $1,004,000 after purchasing an additional 10,325 shares during the last quarter. Institutional investors own 10.67% of the company’s stock.

NL Industries Stock Down 0.2 %

Shares of NYSE:NL opened at $6.33 on Friday. The firm has a market cap of $309.11 million, a P/E ratio of 26.38 and a beta of 0.55. NL Industries, Inc. has a 12-month low of $4.46 and a 12-month high of $8.93. The business has a fifty day simple moving average of $6.26 and a 200 day simple moving average of $6.77.

NL Industries (NYSE:NL) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $35.90 million during the quarter. NL Industries had a return on equity of 5.68% and a net margin of 14.10%.

NL Industries Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Friday, September 6th will be given a $0.43 dividend. This represents a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, September 6th. NL Industries’s dividend payout ratio (DPR) is presently 133.33%.

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.