Barclays PLC Acquires 9,033 Shares of NL Industries, Inc. (NYSE:NL)

Barclays PLC grew its position in shares of NL Industries, Inc. (NYSE:NL) by 311.4% during the third quarter, Holdings Channel reports. The institutional investor owned 11,934 shares of the basic materials company’s stock after purchasing an additional 9,033 shares during the quarter. Barclays PLC’s holdings in NL Industries were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of NL Industries by 1,454.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,492 shares of the basic materials company’s stock valued at $167,000 after buying an additional 21,045 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in NL Industries by 42.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,569 shares of the basic materials company’s stock worth $391,000 after purchasing an additional 15,627 shares in the last quarter. Gladius Capital Management LP purchased a new stake in NL Industries during the 3rd quarter worth about $39,000. Empowered Funds LLC lifted its holdings in NL Industries by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 155,550 shares of the basic materials company’s stock worth $1,156,000 after purchasing an additional 7,906 shares in the last quarter. Finally, Heron Bay Capital Management lifted its holdings 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 purchasing an additional 20,196 shares in the last quarter. Hedge funds and other institutional investors own 10.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NL Industries Stock Performance

Shares of NL opened at $7.52 on Thursday. The stock’s 50-day simple moving average is $7.95 and its 200 day simple moving average is $7.15. The stock has a market capitalization of $367.34 million, a price-to-earnings ratio of 6.27 and a beta of 0.54. NL Industries, Inc. has a 52-week low of $5.00 and a 52-week high of $9.42.

NL Industries Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 4.26%. NL Industries’s payout ratio is currently 26.67%.

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.