Barclays Maintains NL Industries (NL) Underweight Recommendation
Fintel reports that on August 25, 2023, Barclays maintained coverage of NL Industries (NYSE:NL) with a Underweight recommendation.
Analyst Price Forecast Suggests 17.47% Upside
As of August 2, 2023, the average one-year price target for NL Industries is 6.12. The forecasts range from a low of 6.06 to a high of $6.30. The average price target represents an increase of 17.47% from its latest reported closing price of 5.21.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NL Industries is 161MM, an increase of 0.05%. The projected annual non-GAAP EPS is 1.45.
What is the Fund Sentiment?
There are 157 funds or institutions reporting positions in NL Industries. This is a decrease of 2 owner(s) or 1.26% in the last quarter. Average portfolio weight of all funds dedicated to NL is 0.02%, a decrease of 17.76%. Total shares owned by institutions decreased in the last three months by 0.60% to 6,304K shares. 
The put/call ratio of NL is 11.64, indicating a bearish outlook.
What are Other Shareholders Doing?
DFSVX - U.s. Small Cap Value Portfolio - Institutional Class holds 808K shares representing 1.65% ownership of the company. In it's prior filing, the firm reported owning 813K shares, representing a decrease of 0.72%. The firm increased its portfolio allocation in NL by 0.83% over the last quarter.
NTHEX - Northeast Investors Trust holds 510K shares representing 1.04% ownership of the company. No change in the last quarter.
Aristides Capital holds 385K shares representing 0.79% ownership of the company. In it's prior filing, the firm reported owning 381K shares, representing an increase of 1.09%. The firm decreased its portfolio allocation in NL by 29.76% over the last quarter.
Raymond James & Associates holds 347K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 353K shares, representing a decrease of 1.64%. The firm decreased its portfolio allocation in NL by 14.87% over the last quarter.
DFQTX - U.s. Core Equity 2 Portfolio - Institutional Class holds 280K shares representing 0.57% ownership of the company. No change in the last quarter.
NL Industries Background Information
(This description is provided by the company.)
NL Industries, Inc. is a diversified holding company. NL conducts its component products operations through its majority-owned subsidiary, CompX International, Inc., and owns a significant interest in Kronos Worldwide, Inc., a global producer and marketer of value-added titanium dioxide pigments.
Additional reading:
- NL REPORTS SECOND QUARTER 2023 RESULTS
- NL INDUSTRIES ANNOUNCES QUARTERLY DIVIDEND FOR THE THIRD QUARTER OF 2023 AT $.07 PER SHARE
- NL Industries, Inc. 2023 Non-Employee Director Stock Plan
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This story originally appeared on Fintel.