Vanguard Group Inc. raised its stake in shares of NL Industries, Inc. (NYSE:NL) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,203 shares of the basic materials company’s stock after buying an additional 9,336 shares during the period. Vanguard Group Inc. owned 0.59% of NL Industries worth $2,039,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NL. Alliancebernstein L.P. bought a new position in NL Industries during the second quarter valued at about $103,000. Teachers Advisors LLC raised its holdings in NL Industries by 15.7% during the second quarter. Teachers Advisors LLC now owns 17,947 shares of the basic materials company’s stock valued at $127,000 after buying an additional 2,435 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in NL Industries by 114.9% during the second quarter. TIAA CREF Investment Management LLC now owns 39,410 shares of the basic materials company’s stock valued at $278,000 after buying an additional 21,067 shares in the last quarter. Acadian Asset Management LLC bought a new position in NL Industries during the second quarter valued at about $296,000. Finally, Chicago Equity Partners LLC increased its stake in shares of NL Industries by 168.7% in the second quarter. Chicago Equity Partners LLC now owns 42,915 shares of the basic materials company’s stock worth $303,000 after purchasing an additional 26,945 shares during the period. Institutional investors own 9.34% of the company’s stock.
NL Industries, Inc. (NYSE NL) traded up $0.30 during trading on Friday, hitting $12.90. The stock had a trading volume of 107,200 shares, compared to its average volume of 80,766. The company has a market capitalization of $613.81, a price-to-earnings ratio of 7.97 and a beta of 2.86. NL Industries, Inc. has a twelve month low of $5.25 and a twelve month high of $16.05.
Separately, Barclays reiterated an “underweight” rating and issued a $14.00 price objective (up from $7.00) on shares of NL Industries in a research note on Wednesday, November 15th.
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NL Industries Company Profile
NL Industries, Inc is a holding company. The Company operates in the component products industry through its subsidiary, CompX International Inc (CompX). The Company operates in the chemicals industry through its non-controlling interest in Kronos Worldwide, Inc (Kronos). The Company, through Compx, manufactures engineered components that are sold to a range of industries, including recreational transportation (including boats), postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment.
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