NL Industries (NYSE:NL) Raised to Sell at Wall Street Zen

NL Industries (NYSE:NL) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of NL Industries in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

NL Industries Stock Performance

NL Industries stock opened at $6.20 on Friday. NL Industries has a 52 week low of $5.04 and a 52 week high of $9.27. The firm has a market capitalization of $302.93 million, a PE ratio of 31.00 and a beta of 0.27. The business’s 50-day simple moving average is $5.83 and its 200-day simple moving average is $5.97.

NL Industries (NYSE:NL) last released its earnings results on Thursday, November 6th. The basic materials company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.34). NL Industries had a net margin of 6.10% and a return on equity of 2.36%. The business had revenue of $40.00 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new stake in NL Industries in the 1st quarter valued at $35,000. Squarepoint Ops LLC acquired a new position in NL Industries in the third quarter valued at about $126,000. Rhumbline Advisers grew its stake in NL Industries by 73.6% during the third quarter. Rhumbline Advisers now owns 23,547 shares of the basic materials company’s stock worth $145,000 after buying an additional 9,984 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of NL Industries during the second quarter worth approximately $158,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of NL Industries by 15.5% in the first quarter. Goldman Sachs Group Inc. now owns 27,285 shares of the basic materials company’s stock valued at $216,000 after acquiring an additional 3,667 shares during the last quarter. 10.67% of the stock is owned by institutional investors.

NL Industries Company Profile

NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.

NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.