Bank of New York Mellon Corp boosted its position in shares of NL Industries, Inc. (NYSE:NL) by 15.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,934 shares of the basic materials company’s stock after buying an additional 5,756 shares during the period. Bank of New York Mellon Corp owned about 0.09% of NL Industries worth $284,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC raised its stake 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. Hedge funds and other institutional investors own 6.63% of the company’s stock.
Shares of NL Industries, Inc. (NYSE:NL) traded down 3.29% during trading on Friday, reaching $7.35. 140,746 shares of the company were exchanged. The stock has a market capitalization of $358.05 million, a P/E ratio of 5.40 and a beta of 2.68. The firm has a 50-day moving average price of $7.45 and a 200-day moving average price of $7.23. NL Industries, Inc. has a 1-year low of $3.05 and a 1-year high of $10.90.
Separately, BidaskClub downgraded shares of NL Industries from a “sell” rating to a “strong sell” rating in a research note 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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