NL Industries, Inc. (NYSE:NL) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.
Several other research analysts have also commented on NL. TheStreet upgraded NL Industries from a “c” rating to a “b-” rating in a report on Friday, April 7th. Barclays PLC lifted their price target on NL Industries from $3.00 to $6.00 and gave the stock an “underweight” rating in a report on Friday, April 7th.
NL Industries (NL) traded up 2.76% on Friday, reaching $7.45. 146,619 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $7.45 and a 200 day moving average price of $7.30. The firm has a market cap of $362.85 million, a PE ratio of 14.00 and a beta of 2.67. NL Industries has a one year low of $2.86 and a one year high of $10.90.
NL Industries (NYSE:NL) last posted its quarterly earnings results on Monday, May 8th. The basic materials company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. NL Industries had a return on equity of 13.97% and a net margin of 23.55%. The business had revenue of $29.90 million for the quarter. On average, equities analysts anticipate that NL Industries will post $0.80 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in NL Industries during the second quarter valued at approximately $296,000. Bank of New York Mellon Corp increased its stake in shares of NL Industries by 15.1% in the first quarter. Bank of New York Mellon Corp now owns 43,934 shares of the basic materials company’s stock worth $284,000 after buying an additional 5,756 shares during the last quarter. Strs Ohio increased its stake in shares of NL Industries by 547.3% in the second quarter. Strs Ohio now owns 47,900 shares of the basic materials company’s stock worth $337,000 after buying an additional 40,500 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of NL Industries by 11.1% in the fourth quarter. Renaissance Technologies LLC now owns 169,600 shares of the basic materials company’s stock worth $1,382,000 after buying an additional 17,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of NL Industries by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,461,487 shares of the basic materials company’s stock worth $11,911,000 after buying an additional 9,833 shares during the last quarter. Institutional investors and hedge funds own 6.40% of the company’s stock.
NL Industries Company Profile
NL Industries, Inc is a holding company. The Company operates in the component products industry through its subsidiary, CompX International Inc (CompX). The Company operates in the chemicals industry through its non-controlling interest in Kronos Worldwide, Inc (Kronos). The Company, through Compx, manufactures engineered components that are sold to a range of industries, including recreational transportation (including boats), postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment.
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