NL Industries (NYSE:NL) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of NL Industries (NYSE:NL – Get Rating) in a research note issued to investors on Sunday. The brokerage set a “buy” rating on the basic materials company’s stock.

Separately, Barclays dropped their target price on NL Industries from $7.00 to $6.00 in a research report on Friday.

NL Industries Stock Performance

Shares of NL opened at $6.15 on Friday. NL Industries has a fifty-two week low of $5.95 and a fifty-two week high of $10.71. The business has a 50-day moving average of $7.13 and a 200 day moving average of $7.44. The firm has a market cap of $300.24 million, a P/E ratio of 8.91 and a beta of 0.79.

Hedge Funds Weigh In On NL Industries

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of NL Industries by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,073,310 shares of the basic materials company’s stock valued at $16,026,000 after buying an additional 25,656 shares during the period. Raymond James & Associates increased its stake in shares of NL Industries by 0.5% during the fourth quarter. Raymond James & Associates now owns 366,161 shares of the basic materials company’s stock valued at $2,494,000 after buying an additional 1,750 shares during the period. Vanguard Group Inc. grew its stake in NL Industries by 1.7% in the third quarter. Vanguard Group Inc. now owns 333,443 shares of the basic materials company’s stock worth $2,577,000 after purchasing an additional 5,608 shares during the period. Renaissance Technologies LLC grew its stake in NL Industries by 1.4% in the second quarter. Renaissance Technologies LLC now owns 163,614 shares of the basic materials company’s stock worth $1,615,000 after purchasing an additional 2,200 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in NL Industries by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 149,899 shares of the basic materials company’s stock worth $1,159,000 after purchasing an additional 7,670 shares during the period. 10.74% of the stock is owned by hedge funds and other institutional investors.

About NL Industries

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NL Industries, Inc is a holding company, which engages in the manufacture of component products and chemicals. Through its subsidiary, it offers engineered components, including mechanical and electrical cabinet locks, stainless steel exhaust components, gauges, throttle controls, wake enhancement systems, trim tabs, and related hardware and accessories.