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NL Industries is a holding company. Co. operates in the component products industry through its majority-owned subsidiary, CompX International Inc. (CompX). Co. operates in the chemicals industry through its noncontrolling interest in Kronos Worldwide, Inc. (Kronos). Through CompX, Co. manufactures mechanical and electrical cabinet locks and other locking mechanisms used in a variety of applications including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, electronic circuit panels, storage compartments, and gas station security. Kronos is a producer and marketer of titanium dioxide pigments, a base industrial product used in a range of applications. According to our NL split history records, NL Industries has had 2 splits.
NL split history picture
NL Industries (NL) has 2 splits in our NL split history database. The first split for NL took place on July 28, 1986. This was a 5 for 1 split, meaning for each share of NL owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 5000 share position following the split. NL's second split took place on December 23, 1988. This was a 1 for 10 reverse split, meaning for each 10 shares of NL owned pre-split, the shareholder now owned 1 share. For example, a 5000 share position pre-split, became a 500 share position following the split.

When a company such as NL Industries splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as NL Industries conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the NL split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NL Industries shares, starting with a $10,000 purchase of NL, presented on a split-history-adjusted basis factoring in the complete NL split history. NL split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 06/21/2011
End date: 06/18/2021
Start price/share: $17.76
End price/share: $7.44
Starting shares: 563.06
Ending shares: 661.70
Dividends reinvested/share: $1.53
Total return: -50.77%
Average Annual Total Return: -6.84%
Starting investment: $10,000.00
Ending investment: $4,923.74
Years: 10.00
Growth of $10,000.00
Without Dividends Reinvested

Start date: 06/21/2011
End date: 06/18/2021
Start price/share: $17.76
End price/share: $7.44
Dividends collected/share: $1.53
Total return: -49.49%
Average Annual Total Return: -6.60%
Starting investment: $10,000.00
Ending investment: $5,052.06
Years: 10.00
Date Ratio
07/28/19865 for 1
12/23/19881 for 10
NL is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:

NM Split History
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NNBR Split History
NOC Split History
NSC Split History
NSP Split History
NYLD Split History
ODFL Split History
OMEX Split History
ONE Split History

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