NL Industries, Inc. (NL) Stake Boosted by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC lifted its stake in NL Industries, Inc. (NYSE:NL) by 114.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,410 shares of the basic materials company’s stock after purchasing an additional 21,067 shares during the quarter. TIAA CREF Investment Management LLC owned 0.08% of NL Industries worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. bought a new stake in NL Industries in the 2nd quarter worth about $103,000. Teachers Advisors LLC increased its holdings in NL Industries by 15.7% in the 2nd quarter. Teachers Advisors LLC now owns 17,947 shares of the basic materials company’s stock worth $127,000 after buying an additional 2,435 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in NL Industries by 15.1% in the 1st 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 in the last quarter. Acadian Asset Management LLC bought a new stake in NL Industries in the 2nd quarter worth about $296,000. Finally, Chicago Equity Partners LLC increased its holdings in NL Industries by 168.7% in the 2nd quarter. Chicago Equity Partners LLC now owns 42,915 shares of the basic materials company’s stock worth $303,000 after buying an additional 26,945 shares in the last quarter. 9.11% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the company. Barclays PLC reiterated an “underweight” rating and issued a $14.00 price objective (up from $7.00) on shares of NL Industries in a report on Wednesday, November 15th. BidaskClub downgraded NL Industries from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.
Shares of NL Industries, Inc. (NL) opened at $13.85 on Friday. NL Industries, Inc. has a twelve month low of $5.25 and a twelve month high of $14.50. The company has a market capitalization of $674.70, a PE ratio of 8.77 and a beta of 2.81.
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NL Industries 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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