NL Industries (NYSE:NL) Issues Earnings Results, Misses Expectations By $0.81 EPS

NL Industries (NYSE:NL) announced its quarterly earnings data on Monday. The basic materials company reported ($0.63) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.81), FiscalAI reports. The company had revenue of $37.70 million during the quarter. NL Industries had a return on equity of 2.36% and a net margin of 6.10%.

NL Industries Price Performance

Shares of NL traded down $0.05 during trading hours on Monday, hitting $6.01. The company’s stock had a trading volume of 48,847 shares, compared to its average volume of 65,213. The business has a 50 day simple moving average of $6.07 and a two-hundred day simple moving average of $5.97. NL Industries has a 52-week low of $5.04 and a 52-week high of $9.27. The company has a market cap of $293.55 million, a price-to-earnings ratio of 30.04 and a beta of 0.24.

NL Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, March 10th. This is a positive change from NL Industries’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 6.7%. NL Industries’s dividend payout ratio is 180.00%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NL shares. Wall Street Zen raised shares of NL Industries to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of NL Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NL. Strs Ohio purchased a new position in shares of NL Industries during the 1st quarter valued at $35,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of NL Industries by 80.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 5,985 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 2,667 shares during the period. Wells Fargo & Company MN raised its position in shares of NL Industries by 34.3% in the fourth quarter. Wells Fargo & Company MN now owns 9,445 shares of the basic materials company’s stock worth $52,000 after buying an additional 2,413 shares in the last quarter. NewEdge Advisors LLC bought a new stake in NL Industries during the fourth quarter valued at $57,000. Finally, Squarepoint Ops LLC bought a new stake in NL Industries during the third quarter valued at $126,000. 10.67% of the stock is owned by institutional investors.

About NL Industries

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.