NL NL Industries, Inc.

NL Industries, Inc. is a holding company, which involves in components products and chemical industries. It operates through following geographical segments: United States, Canada, Mexico and Other. The company was founded in 1891 and is headquartered in Dallas, TX.

Company profile

Ticker

Exchange

NYSE

Website

www.nl-ind.com

CEO

Robert Dennis Graham

Incorporated in

New Jersey

Location

Texas

Fiscal year end

Dec 31

Sector

Process Industries > Industrial Conglomerates

Industry (SEC)

Industrial Inorganic Chemicals

Venator Materials • Tronox • Linde • Kronos Worldwide • LSB Industries • Air Products & Chemicals • Minerals • Luxfer • Valhi • Quantumsphere ...

SEC CIK

0000072162

Corporate docs

Articles of Incorporation & Bylaws

IRS number

135267260

NL stock data

S&P 500

1M 1Y 2Y 5Y

FINRA relative short interest over last month (20 trading days) ?

Company financial data Financial data

Chart NL financial data

Quarter (USD)	Dec 19	Sep 19	Jun 19	Mar 19
Revenue	29.6M	29.7M	33.7M	31.2M
Net income	6.3M	-1.6M	5.9M	15.2M
Diluted EPS	0.13	-0.03	0.12	0.31
Net profit margin	21.28%	-5.39%	17.51%	48.72%
Operating income	2.95M	5.81M	-12.89M	2.52M
Net change in cash	20.31M	-19.16M	17.22M	-4.9M
Cash on hand	129.73M	109.42M	128.58M	111.36M
Cost of revenue	20.71M	20.23M	22.79M	21.55M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	124.24M	118.22M	112.04M	108.92M
Net income	25.84M	-41.02M	116.1M	15.33M
Diluted EPS	0.53	-0.84	2.38	0.31
Net profit margin	20.80%	-34.70%	104%	14.07%
Operating income	-1.61M	-60.67M	1.7M	-715K
Net change in cash	13.47M	17.94M	5.15M	-3.3M
Cash on hand	129.73M	116.26M	98.32M	93.16M
Cost of revenue	85.28M	79.95M	77.21M	73.75M

Financial data from company earnings reports

Recent insider trades

NL insider ownership history Insider history

Date	Owner	Security	Transaction	Code	$Price	#Shares	$Value	#Remaining
13 Mar 20	Bryan A. Hanley	Common Stock, par value $0.125	Buy	Aquire P	2.7056	1,000	2.71K	1,000
16 May 19	Meredith W. Mendes	Common stock $0.125 par value	Grant	Aquire A	0	5,650	0	7,750
16 May 19	Loretta J. Feehan	Common stock $0.125 par value	Grant	Aquire A	0	5,650	0	14,250

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2019

NL institutional ownership history Ownership history

9.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	53	54	-1.9%
Opened positions	3	6	-50.0%
Closed positions	4	4	–
Increased positions	19	16	+18.8%
Reduced positions	15	17	-11.8%

13F shares	Current	Prev Q	Change
Total value	26.17M	21.52M	+21.6%
Total shares	4.69M	4.22M	+11.2%
Total puts	0	5	-100.0%
Total calls	10.8K	13.71K	-21.2%
Total put/call ratio	–	0.0	–

Largest owners	Shares	Value	Change
Dimensional Fund Advisors	2.33M	$9.11M	-0.8%
BLK BlackRock	546.02K	$2.14M	+0.3%
Aristides Capital	449.97K	$1.76M	NEW
Renaissance Technologies	238.2K	$931K	+5.9%
Vanguard	202.31K	$791K	-1.2%
STT State Street	142.13K	$556K	+3.7%
NTRS Northern Trust	117.79K	$460K	+0.4%
STRS Ohio	69.7K	$272K	0.0%
Geode Capital Management	62.1K	$242K	+0.4%
MS Morgan Stanley	60.26K	$235K	+185.5%

Largest transactions	Shares	Bought/sold	Change
Aristides Capital	449.97K	+449.97K	NEW
MS Morgan Stanley	60.26K	+39.15K	+185.5%
ZPR Investment Management	0	-21.57K	EXIT
Dimensional Fund Advisors	2.33M	-17.82K	-0.8%
Denali Advisors	16.76K	+16.4K	+4505.5%
Susquehanna International	0	-14.96K	EXIT
Renaissance Technologies	238.2K	+13.3K	+5.9%
Zebra Capital Management	0	-12.52K	EXIT
JPM JPMorgan Chase & Co.	10.95K	+8.21K	+299.4%
Charles Schwab Investment Management	47.5K	+5.96K	+14.3%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Venator Materials • Venator Materials

Risks

Our development of innovative features for current products is critical to sustaining and growing our sales.
Failure to protect our intellectual property rights or claims by others that we infringe their intellectual property rights could substantially harm our business.
Higher costs or unavailability of our raw materials could negatively impact our financial results.
Higher costs or limited availability of our raw materials may reduce our earnings and decrease our liquidity. In addition, many of our raw material contracts contain fixed quantities we are required to purchase.
Demand for, and prices of, certain of Kronos’ products are influenced by changing market conditions for its products, which may result in reduced earnings or in operating losses.
Kronos’ leverage may impair our financial condition.

Management Discussion

We are primarily a holding company. We operate in the component products industry through our majority-owned subsidiary, CompX International Inc. We also own a noncontrolling interest in Kronos Worldwide, Inc. Both CompX (NYSE American: CIX) and Kronos (NYSE: KRO) file periodic reports with the SEC.
CompX is a leading manufacturer of engineered components utilized in a variety of applications and industries. Through its Security Products operations, CompX manufactures mechanical and electronic cabinet locks and other locking mechanisms used in recreational transportation, postal, office and institutional furniture, cabinetry, tool storage and healthcare applications. CompX also manufactures stainless steel exhaust systems, gauges, throttle controls, wake enhancement systems and trim tabs for the recreational marine and other industries through its Marine Components operations.
We account for our 30% non-controlling interest in Kronos by the equity method. Kronos is a leading global producer and marketer of value-added titanium dioxide pigments. TiO2 is used for a variety of manufacturing applications including coatings, plastics, paper and other industrial products.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

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From filing 10-K 2019 FY