Zacks: NL Industries Inc (NL) Given $14.00 Consensus Target Price by Analysts

Shares of NL Industries Inc (NYSE:NL) have been assigned an average broker rating score of 5.00 (Strong Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.

Analysts have set a 12 month consensus target price of $14.00 for the company, according to Zacks. Zacks has also given NL Industries an industry rank of 193 out of 265 based on the ratings given to its competitors.

Separately, Barclays reissued an “underweight” rating and set a $14.00 price objective (up previously from $7.00) on shares of NL Industries in a report on Wednesday, November 15th.

Several hedge funds and other institutional investors have recently modified their holdings of NL. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 953,157 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of NL Industries by 185.1% during the fourth quarter. Bank of New York Mellon Corp now owns 133,126 shares of the basic materials company’s stock worth $1,897,000 after purchasing an additional 86,438 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of NL Industries during the fourth quarter worth about $1,178,000. Schwab Charles Investment Management Inc. grew its holdings in shares of NL Industries by 92.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 52,481 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 25,209 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of NL Industries by 4.8% during the fourth quarter. BlackRock Inc. now owns 525,806 shares of the basic materials company’s stock worth $7,493,000 after purchasing an additional 23,987 shares in the last quarter. 9.45% of the stock is owned by institutional investors.

Shares of NL Industries (NYSE:NL) traded down $0.90 during midday trading on Monday, hitting $9.00. The stock had a trading volume of 164,925 shares, compared to its average volume of 79,632. NL Industries has a 52 week low of $5.25 and a 52 week high of $16.05. The stock has a market capitalization of $482.28, a price-to-earnings ratio of 5.70 and a beta of 2.64.

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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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