BNP Paribas Financial Markets Purchases 21,045 Shares of NL Industries, Inc. (NYSE:NL)

BNP Paribas Financial Markets raised its position in NL Industries, Inc. (NYSE:NL) by 1,454.4% during the third quarter, HoldingsChannel.com reports. The firm owned 22,492 shares of the basic materials company’s stock after purchasing an additional 21,045 shares during the period. BNP Paribas Financial Markets’ holdings in NL Industries were worth $167,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gladius Capital Management LP bought a new position in shares of NL Industries in the third quarter worth about $39,000. Ritholtz Wealth Management purchased a new stake in NL Industries in the 2nd quarter valued at about $112,000. Raymond James Trust N.A. bought a new position in NL Industries in the 2nd quarter worth about $130,000. Heron Bay Capital Management grew its stake in NL Industries by 138.6% in the 2nd quarter. Heron Bay Capital Management now owns 34,766 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 20,196 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of NL Industries by 59.9% during the second quarter. Acadian Asset Management LLC now owns 59,541 shares of the basic materials company’s stock worth $356,000 after acquiring an additional 22,293 shares during the period. Institutional investors own 10.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

NL Industries Trading Down 0.8 %

NL opened at $8.39 on Wednesday. The company has a market capitalization of $409.83 million, a price-to-earnings ratio of 6.98 and a beta of 0.52. NL Industries, Inc. has a 12-month low of $5.00 and a 12-month high of $9.42. The business’s fifty day simple moving average is $7.97 and its 200-day simple moving average is $7.03.

NL Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Friday, November 29th. NL Industries’s payout ratio is 26.67%.

NL Industries 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.