Shares of NL Industries Inc. (NYSE:NL) have received an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the stock, Zacks Investment Research reports.
Brokers have set a 1-year consensus target price of $3.00 for the company, according to Zacks. Zacks has also assigned NL Industries an industry rank of 69 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of NL Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 9th.
NL Industries (NYSE:NL) opened at 7.85 on Friday. The company has a market capitalization of $382.33 million, a PE ratio of 3925.00 and a beta of 2.64. The firm has a 50-day moving average of $7.54 and a 200-day moving average of $4.70. NL Industries has a 52 week low of $1.92 and a 52 week high of $9.60.
NL Industries (NYSE:NL) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.09. NL Industries had a net margin of 0.18% and a return on equity of 0.12%. Equities analysts expect that NL Industries will post $0.10 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the company. KCG Holdings Inc. purchased a new stake in shares of NL Industries during the third quarter worth $101,000. BlackRock Investment Management LLC increased its stake in shares of NL Industries by 0.7% in the third quarter. BlackRock Investment Management LLC now owns 29,808 shares of the company’s stock worth $117,000 after buying an additional 220 shares during the period. Northern Trust Corp increased its stake in shares of NL Industries by 0.7% in the third quarter. Northern Trust Corp now owns 92,307 shares of the company’s stock worth $363,000 after buying an additional 626 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of NL Industries by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 183,355 shares of the company’s stock worth $471,000 after buying an additional 1,879 shares during the period. Finally, BlackRock Fund Advisors increased its stake in shares of NL Industries by 37.1% in the second quarter. BlackRock Fund Advisors now owns 225,894 shares of the company’s stock worth $581,000 after buying an additional 61,128 shares during the period. 6.55% of the stock is owned by institutional investors.
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). It operates in the chemicals industry through its non-controlling interest in Kronos Worldwide, Inc (Kronos). CompX is a manufacturer of engineered components utilized in a range of applications and industries.
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