Parametric Portfolio Associates LLC Has $215,000 Stake in NL Industries, Inc. (NYSE:NL)
Parametric Portfolio Associates LLC maintained its position in NL Industries, Inc. (NYSE:NL) during the first quarter, Holdings Channel reports. The firm owned 33,398 shares of the basic materials company’s stock at the end of the first quarter. Parametric Portfolio Associates LLC’s holdings in NL Industries were worth $215,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of NL Industries by 15.1% in the first quarter. Bank of New York Mellon Corp now owns 43,934 shares of the basic materials company’s stock worth $284,000 after buying an additional 5,756 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of NL Industries by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,461,487 shares of the basic materials company’s stock worth $11,911,000 after buying an additional 9,833 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of NL Industries by 11.1% in the fourth quarter. Renaissance Technologies LLC now owns 169,600 shares of the basic materials company’s stock worth $1,382,000 after buying an additional 17,000 shares during the last quarter. Institutional investors and hedge funds own 6.57% of the company’s stock.
Shares of NL Industries, Inc. (NL) opened at 7.40 on Tuesday. NL Industries, Inc. has a 12 month low of $2.86 and a 12 month high of $10.90. The stock has a market capitalization of $360.42 million, a PE ratio of 13.91 and a beta of 2.68. The company has a 50-day moving average of $7.44 and a 200-day moving average of $7.28.
NL Industries (NYSE:NL) last announced its quarterly earnings data on Monday, May 8th. The basic materials company reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The company had revenue of $29.90 million during the quarter. NL Industries had a net margin of 23.55% and a return on equity of 13.97%. On average, equities research analysts expect that NL Industries, Inc. will post $0.80 EPS for the current fiscal year.
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Separately, BidaskClub cut shares of NL Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.
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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