NL Industries (NYSE:NL) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

NL Industries, Inc. (NYSE:NL) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.00 and traded as low as $5.83. NL Industries shares last traded at $5.9860, with a volume of 47,766 shares changing hands.

Wall Street Analysts Forecast Growth

NL has been the subject of several research analyst reports. Weiss Ratings raised shares of NL Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of NL Industries from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, NL Industries currently has an average rating of “Hold”.

NL Industries Trading Down 0.2%

The stock has a market cap of $292.48 million, a PE ratio of -8.68 and a beta of 0.19. The company has a fifty day moving average of $6.20 and a 200-day moving average of $6.00.

NL Industries (NYSE:NL) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.14). The firm had revenue of $40.57 million for the quarter, compared to analysts’ expectations of $40.57 million. NL Industries had a negative net margin of 21.56% and a negative return on equity of 8.74%.

NL Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, June 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, June 4th. NL Industries’s dividend payout ratio is presently -57.97%.

Hedge Funds Weigh In On NL Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its stake in shares of NL Industries by 16.0% in the first quarter. Renaissance Technologies LLC now owns 162,470 shares of the basic materials company’s stock worth $947,000 after acquiring an additional 22,456 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NL Industries by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,089,167 shares of the basic materials company’s stock valued at $12,180,000 after acquiring an additional 15,950 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in NL Industries by 48.6% in the first quarter. Bank of New York Mellon Corp now owns 64,752 shares of the basic materials company’s stock valued at $378,000 after purchasing an additional 21,184 shares during the period. Money Concepts Capital Corp purchased a new stake in NL Industries during the 1st quarter worth about $92,000. Finally, NewEdge Advisors LLC acquired a new stake in NL Industries in the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 10.67% of the company’s stock.

NL Industries Company Profile

NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.

NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.