Zacks: NL Industries Inc. (NYSE:NL) Receives Consensus Rating of “Strong Sell” from Analysts
Shares of NL Industries Inc. (NYSE:NL) have earned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating.
Analysts have set a one year consensus price objective of $3.00 for the company and are expecting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned NL Industries an industry rank of 81 out of 265 based on the ratings given to its competitors.
Several brokerages have recently commented on NL. TheStreet upgraded shares of NL Industries from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Zacks Investment Research upgraded shares of NL Industries from a “hold” rating to a “strong-buy” rating and set a $3.50 price target on the stock in a research note on Thursday, August 18th.
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NL Industries (NYSE:NL) traded down 1.55% during trading on Friday, hitting $3.82. 5,385 shares of the company traded hands. The firm’s market cap is $186.05 million. The firm has a 50 day moving average of $4.17 and a 200 day moving average of $3.16. NL Industries has a one year low of $1.92 and a one year high of $6.21.
NL Industries (NYSE:NL) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. NL Industries had a negative net margin of 5.92% and a negative return on equity of 2.86%. On average, analysts expect that NL Industries will post $0.10 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in NL Industries by 48.4% in the first quarter. Renaissance Technologies LLC now owns 118,399 shares of the company’s stock valued at $268,000 after buying an additional 38,599 shares in the last quarter. BlackRock Fund Advisors increased its stake in NL Industries by 37.1% in the second quarter. BlackRock Fund Advisors now owns 225,894 shares of the company’s stock valued at $581,000 after buying an additional 61,128 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in 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 valued at $471,000 after buying an additional 1,879 shares in the last quarter. 6.41% 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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