The stock of NL Industries Inc (NYSE:NL) hit a new 52-week high and has $10.75 target or 74.00% above today’s $6.18 share price. The 8 months bullish chart indicates low risk for the $315.67 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $10.75 price target is reached, the company will be worth $233.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,682 shares traded hands. NL Industries Inc (NYSE:NL) has risen 120.49% since April 19, 2016 and is uptrending. It has outperformed by 116.63% the S&P500.
According to Zacks Investment Research, “NL INDUSTRIES, INC. conducts its operations through its two wholly-owned subsidiaries, Kronos, Inc. and Rheox, Inc. Kronos, Inc. produces titanium dioxide pigments, chemical products used for imparting whiteness, brightness and opacity to a wide range of products, including paints, paper, plastics, fibers and ceramics. Rheox, Inc. produces rheological additives that control the flow and leveling characteristics for a variety of products, including paints, inks, lubricants, sealants, adhesives and cosmetics.”
Insitutional Activity: The institutional sentiment increased to 1.27 in 2016 Q2. Its up 0.52, from 0.75 in 2016Q1. The ratio improved, as 2 funds sold all NL Industries Inc shares owned while 18 reduced positions. 5 funds bought stakes while 10 increased positions. They now own 3.09 million shares or 0.89% less from 3.12 million shares in 2016Q1.
Dimensional Fund Lp holds 0% or 1.45M shares in its portfolio. Geode Cap Ltd accumulated 34,660 shares or 0% of the stock. Jacobs Levy Equity Management Inc has 34,405 shares for 0% of their US portfolio. State Street last reported 0% of its portfolio in the stock. Manufacturers Life Insurance The has 1,224 shares for 0% of their US portfolio. Blackrock, a New York-based fund reported 2,099 shares. Goldman Sachs Grp last reported 0% of its portfolio in the stock. Blackrock Fund Advsr has 0% invested in the company for 225,894 shares. Blackrock Lc reported 29,588 shares or 0% of all its holdings. The New York-based Citigroup has invested 0% in NL Industries Inc (NYSE:NL). California Pub Employees Retirement Systems reported 18,000 shares or 0% of all its holdings. The New York-based Comml Bank Of Mellon Corporation has invested 0% in NL Industries Inc (NYSE:NL). Tower Rech Ltd Liability (Trc) last reported 9,083 shares in the company. Alliancebernstein Lp reported 10,845 shares or 0% of all its holdings. Archford Strategies Limited Liability owns 356 shares or 0% of their US portfolio.
More news for NL Industries Inc (NYSE:NL) were recently published by: Seekingalpha.com, which released: “Improving Industry Conditions Could Cause NL Industries To Surge” on November 18, 2016. Quotes.Wsj.com‘s article titled: “News NL Industries Inc.NL” and published on February 12, 2011 is yet another important article.
NL Company Profile
NL Industries, Inc., incorporated in December 1891, is a holding company. The Firm operates in the component products industry through its subsidiary, CompX International Inc. (CompX). The Firm operates in the chemicals industry through its non-controlling interest in Kronos Worldwide, Inc. (Kronos).
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