NL Industries (NYSE:NL) Rating Increased to Strong-Buy at StockNews.com

NL Industries (NYSE:NL – Get Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

NL Industries Stock Performance

NL Industries stock traded down $0.37 during midday trading on Friday, reaching $8.34. The stock had a trading volume of 77,438 shares, compared to its average volume of 31,285. The firm’s fifty day simple moving average is $9.20 and its 200-day simple moving average is $7.72. NL Industries has a 1-year low of $5.51 and a 1-year high of $10.20. The stock has a market capitalization of $407.02 million, a P/E ratio of 5.49 and a beta of 0.98.

NL Industries (NYSE:NL – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The basic materials company reported $0.38 earnings per share for the quarter. The firm had revenue of $42.10 million for the quarter. NL Industries had a return on equity of 19.25% and a net margin of 48.59%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of NL Industries by 28.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,522 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 3,008 shares during the last quarter. Koss Olinger Consulting LLC bought a new position in shares of NL Industries during the 1st quarter worth approximately $108,000. Concorde Asset Management LLC bought a new position in shares of NL Industries during the 2nd quarter worth approximately $141,000. State Board of Administration of Florida Retirement System bought a new position in shares of NL Industries during the 4th quarter worth approximately $168,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of NL Industries during the 4th quarter worth approximately $294,000. Institutional investors and hedge funds own 9.99% of the company’s stock.

About NL Industries

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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, integrated inventory and access control secured narcotics boxes, vending and cash containment machines, medical cabinetry, electronic circuit panels, storage compartments, and gas station security.