NL Industries, Inc. (NL) Earns “Underweight” Rating from Barclays PLC
Barclays PLC reissued their underweight rating on shares of NL Industries, Inc. (NYSE:NL) in a research report sent to investors on Wednesday morning, Marketbeat reports. They currently have a $14.00 target price on the basic materials company’s stock, up from their prior target price of $7.00.
Separately, BidaskClub lowered NL Industries from a sell rating to a strong sell rating in a report on Friday, July 28th.
NL Industries (NYSE:NL) remained flat at $$12.85 during trading hours on Wednesday. 58,486 shares of the stock were exchanged, compared to its average volume of 96,744. NL Industries has a twelve month low of $5.25 and a twelve month high of $14.50. The stock has a market capitalization of $621.15, a price-to-earnings ratio of 7.47 and a beta of 2.81.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in NL Industries by 64.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,425,054 shares of the basic materials company’s stock worth $17,097,000 after acquiring an additional 953,157 shares in the last quarter. Vanguard Group Inc. raised its stake in NL Industries by 3.3% in the second quarter. Vanguard Group Inc. now owns 289,203 shares of the basic materials company’s stock valued at $2,039,000 after buying an additional 9,336 shares during the period. Renaissance Technologies LLC grew its position in shares of NL Industries by 30.0% in the first quarter. Renaissance Technologies LLC now owns 220,404 shares of the basic materials company’s stock valued at $1,422,000 after purchasing an additional 50,804 shares during the last quarter. State Street Corp grew its position in shares of NL Industries by 13.1% in the second quarter. State Street Corp now owns 140,610 shares of the basic materials company’s stock valued at $989,000 after purchasing an additional 16,275 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of NL Industries in the second quarter valued at approximately $814,000. Institutional investors and hedge funds own 9.54% of the company’s stock.
About NL Industries
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.
Receive News & Ratings for NL Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NL Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.