NL Industries, Inc. (NYSE:NL) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in shares of NL Industries, Inc. (NYSE:NL) by 3.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 151,914 shares of the basic materials company’s stock after selling 5,345 shares during the quarter. Renaissance Technologies LLC’s holdings in NL Industries were worth $916,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in NL Industries by 74.5% in the 1st 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 in the last quarter. Empowered Funds LLC lifted its position in NL Industries by 8.1% during the first quarter. Empowered Funds LLC now owns 137,024 shares of the basic materials company’s stock valued at $1,004,000 after buying an additional 10,325 shares in the last quarter. Vanguard Group Inc. boosted its holdings in NL Industries by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 356,510 shares of the basic materials company’s stock worth $2,613,000 after acquiring an additional 4,412 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in NL Industries in the first quarter valued at about $139,000. Finally, Heron Bay Capital Management bought a new stake in shares of NL Industries in the 1st quarter worth about $107,000. Institutional investors and hedge funds own 10.67% of the company’s stock.

NL Industries Trading Up 1.2 %

NYSE:NL opened at $7.44 on Tuesday. The firm has a market cap of $363.32 million, a price-to-earnings ratio of 31.00 and a beta of 0.51. The company has a 50-day moving average of $6.63 and a 200-day moving average of $6.96. NL Industries, Inc. has a twelve month low of $4.46 and a twelve month high of $8.93.

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

NL Industries Dividend Announcement

The firm also recently announced a None dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 6th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, September 6th. This represents a yield of 9.4%. NL Industries’s dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted their price objective on NL Industries from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Wednesday, September 25th.

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.