5,296 Shares in NL Industries, Inc. (NYSE:NL) Acquired by Gladius Capital Management LP

Gladius Capital Management LP bought a new stake in shares of NL Industries, Inc. (NYSE:NL) in the third quarter, HoldingsChannel reports. The institutional investor bought 5,296 shares of the basic materials company’s stock, valued at approximately $39,000.

Several other institutional investors also recently bought and sold shares of NL. Dimensional Fund Advisors LP increased its holdings in shares of NL Industries by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,964,169 shares of the basic materials company’s stock valued at $11,844,000 after acquiring an additional 23,574 shares during the period. Aristides Capital LLC grew its position in NL Industries by 1.1% during the 1st quarter. Aristides Capital LLC now owns 405,313 shares of the basic materials company’s stock worth $2,971,000 after purchasing an additional 4,294 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of NL Industries by 1.3% in the first 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 during the last quarter. Empowered Funds LLC lifted its stake in shares of NL Industries by 5.4% during the third quarter. Empowered Funds LLC now owns 155,550 shares of the basic materials company’s stock worth $1,156,000 after buying an additional 7,906 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of NL Industries by 59.9% in the 2nd quarter. Acadian Asset Management LLC now owns 59,541 shares of the basic materials company’s stock valued at $356,000 after acquiring an additional 22,293 shares during the period. 10.67% of the stock is owned by hedge funds and other institutional investors.

NL Industries Trading Up 1.8 %

Shares of NYSE:NL opened at $7.97 on Friday. The company has a market cap of $389.33 million, a PE ratio of 6.64 and a beta of 0.51. NL Industries, Inc. has a twelve month low of $4.46 and a twelve month high of $8.93. The company’s 50 day moving average is $7.53 and its 200 day moving average is $6.98.

NL Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 4.02%. NL Industries’s dividend payout ratio (DPR) is presently 26.67%.

Analysts Set New Price Targets

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

NL Industries Company 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.