Empowered Funds LLC Acquires 7,906 Shares of NL Industries, Inc. (NYSE:NL)

Empowered Funds LLC grew its position in NL Industries, Inc. (NYSE:NL) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 155,550 shares of the basic materials company’s stock after purchasing an additional 7,906 shares during the period. Empowered Funds LLC owned about 0.32% of NL Industries worth $1,156,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NL. Dimensional Fund Advisors LP lifted its position in NL Industries by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,964,169 shares of the basic materials company’s stock worth $11,844,000 after buying an additional 23,574 shares in the last quarter. Vanguard Group Inc. lifted 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 buying an additional 4,412 shares in the last quarter. Acadian Asset Management LLC lifted its position in NL Industries by 59.9% during the 2nd quarter. Acadian Asset Management LLC now owns 59,541 shares of the basic materials company’s stock worth $356,000 after buying an additional 22,293 shares in the last quarter. Heron Bay Capital Management lifted its position in NL Industries by 138.6% during the 2nd quarter. Heron Bay Capital Management now owns 34,766 shares of the basic materials company’s stock worth $210,000 after buying an additional 20,196 shares in the last quarter. Finally, Raymond James Trust N.A. acquired a new position in NL Industries during the 2nd quarter worth about $130,000. Institutional investors and hedge funds own 10.67% of the company’s stock.

NL Industries Trading Up 0.2 %

NL Industries stock opened at $8.05 on Friday. NL Industries, Inc. has a 1 year low of $4.46 and a 1 year high of $8.93. The company has a market cap of $393.24 million, a PE ratio of 6.76 and a beta of 0.51. The company’s 50-day moving average is $7.63 and its two-hundred day moving average is $6.98.

NL Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 3.98%. NL Industries’s payout ratio is presently 26.67%.

Wall Street Analyst Weigh In

Separately, Barclays upped their price target on shares of NL Industries from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th.

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.