NL Industries Inc (NYSE:NL) had its target price hoisted by Barclays PLC from $3.00 to $6.00 in a report released on Friday morning. The brokerage currently has an underweight rating on the basic materials company’s stock.
NL Industries (NYSE:NL) traded up 1.32% on Friday, reaching $7.65. The company’s stock had a trading volume of 53,901 shares. The firm’s 50 day moving average is $6.54 and its 200-day moving average is $6.19. NL Industries has a 12 month low of $2.25 and a 12 month high of $9.60. The firm has a market cap of $372.59 million, a P/E ratio of 24.68 and a beta of 2.62.
NL Industries (NYSE:NL) last announced its quarterly earnings results on Friday, March 10th. The basic materials company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.14. The business earned $26.30 million during the quarter. NL Industries had a net margin of 0.18% and a return on equity of 0.12%. On average, equities research analysts anticipate that NL Industries will post $0.10 EPS for the current year.
A number of large investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of NL Industries by 2.4% in the fourth quarter. State Street Corp now owns 118,785 shares of the basic materials company’s stock valued at $968,000 after buying an additional 2,776 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of NL Industries during the third quarter valued at $1,030,000. Renaissance Technologies LLC boosted 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 valued at $1,382,000 after buying an additional 17,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 valued at $11,911,000 after buying an additional 9,833 shares during the last quarter. 6.58% of the stock is owned by institutional investors and hedge funds.
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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