NL Industries (NYSE:NL) Releases Earnings Results

NL Industries (NYSE:NL) issued its quarterly earnings data on Thursday. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.21 by $0.13, Zacks reports. The company had revenue of $38.40 million during the quarter. NL Industries had a return on equity of 14.74% and a net margin of 38.69%.

NL Industries Stock Performance

NL opened at $6.93 on Friday. NL Industries has a one year low of $5.20 and a one year high of $9.42. The stock has a market cap of $338.27 million, a price-to-earnings ratio of 5.77 and a beta of 0.52. The stock’s 50 day moving average price is $7.44 and its 200-day moving average price is $7.49.

NL Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be given a $0.09 dividend. This is an increase from NL Industries’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Tuesday, March 11th. NL Industries’s payout ratio is currently 30.00%.

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.