Zacks: NL Industries Inc (NL) Given Consensus Recommendation of “Hold” by Analysts

NL Industries Inc (NYSE:NL) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also given NL Industries an industry rank of 218 out of 255 based on the ratings given to related companies.

Separately, TheStreet lowered NL Industries from a “c” rating to a “d+” rating in a report on Monday, April 1st.

Institutional investors and hedge funds have recently bought and sold shares of the business. Ramsey Quantitative Systems boosted its position in NL Industries by 45.6% during the fourth quarter. Ramsey Quantitative Systems now owns 45,737 shares of the basic materials company’s stock worth $161,000 after purchasing an additional 14,319 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NL Industries by 9.8% in the third quarter. Bank of New York Mellon Corp now owns 163,704 shares of the basic materials company’s stock valued at $982,000 after acquiring an additional 14,642 shares in the last quarter. Cutler Group LP lifted its position in shares of NL Industries by 13.6% in the fourth quarter. Cutler Group LP now owns 23,507 shares of the basic materials company’s stock valued at $82,000 after acquiring an additional 2,818 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of NL Industries in the fourth quarter valued at $42,000. Finally, Geode Capital Management LLC lifted its position in shares of NL Industries by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 56,700 shares of the basic materials company’s stock valued at $199,000 after acquiring an additional 2,892 shares in the last quarter. Institutional investors own 8.94% of the company’s stock.

Shares of NL stock opened at $3.78 on Friday. NL Industries has a 1-year low of $2.94 and a 1-year high of $10.00. The firm has a market cap of $193.45 million, a P/E ratio of 23.35 and a beta of 2.81.

NL Industries Company Profile

NL Industries, Inc, through its subsidiary CompX International Inc, operates in the component products industry in the United States and internationally. The company manufactures and sells mechanical and electronic cabinet locks, and other locking mechanisms, including disc tumbler locks, pin tumbler locking mechanisms, and CompX eLock and StealthLock electronic locks for use in various applications, such as ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and cash containment machines, medical cabinetry, electronic circuit panels, storage compartments, and gas station security.

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