NL Industries (NYSE:NL) Earns Hold (C) Rating from Weiss Ratings

Key Points

• NL Industries has received a "hold (c)" rating reaffirmed by Weiss Ratings, while Wall Street Zen downgraded the shares from "hold" to "sell."
• The company's latest earnings report indicated a miss, with earnings per share of $0.01 compared to the consensus estimate of $0.19.
• NL Industries' stock is currently priced at $6.05, with a market capitalization of approximately $295.62 million and a PE ratio of 5.52.

NL Industries (NYSE:NL - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of NL Industries from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, NL Industries has a consensus rating of "Hold".

NL Industries Price Performance

NYSE:NL remained flat at $6.05 during midday trading on Wednesday. 793 shares of the company were exchanged, compared to its average volume of 33,650. The business has a 50 day moving average of $6.23 and a two-hundred day moving average of $6.95. The firm has a market capitalization of $295.62 million, a PE ratio of 5.52 and a beta of 0.36. NL Industries has a 52 week low of $5.29 and a 52 week high of $9.42.

NL Industries (NYSE:NL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.18). The company had revenue of $40.30 million for the quarter. NL Industries had a net margin of 35.06% and a return on equity of 12.93%.

Hedge Funds Weigh In On NL Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bridgeway Capital Management LLC lifted its stake in NL Industries by 6.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 251,932 shares of the basic materials company's stock valued at $1,612,000 after acquiring an additional 14,438 shares during the period. Jane Street Group LLC purchased a new stake in NL Industries during the second quarter valued at approximately $158,000. Geode Capital Management LLC increased its holdings in NL Industries by 5.2% during the second quarter. Geode Capital Management LLC now owns 202,513 shares of the basic materials company's stock valued at $1,296,000 after buying an additional 9,952 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in NL Industries by 15.5% during the first quarter. Goldman Sachs Group Inc. now owns 27,285 shares of the basic materials company's stock valued at $216,000 after buying an additional 3,667 shares during the last quarter. Finally, Strs Ohio purchased a new stake in NL Industries during the first quarter valued at approximately $35,000. Institutional investors own 10.67% of the company's stock.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.