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On March 11, Kevin Kramer, a director at NL Industries Inc . (NYSE:NL), acquired shares of the company’s common stock valued at approximately $42,854. The timing appears strategic, as InvestingPro analysis indicates the company is currently undervalued, with a P/E ratio of just 5.06 and an attractive dividend yield of 5.29%. This series of purchases included multiple transactions, with per-share prices ranging from $6.32 to $6.83. Following these acquisitions, Kramer holds a total of 9,350 shares directly. The transactions were officially filed with the Securities and Exchange Commission on March 12. According to InvestingPro, NL Industries maintains a strong financial health score of 2.82 (GOOD), with seven additional key insights available to subscribers.
In other recent news, NL Industries reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share reaching $0.34, surpassing the consensus estimate of $0.21. However, the company’s revenue for the quarter fell to $38.4 million, representing an 11.1% decline from the previous year’s $43.2 million. This decrease was mainly due to reduced sales in Security Products, though there was a partial offset from increased sales in Marine Components. NL Industries also reported a net income attributable to stockholders of $16.5 million, up from $7.6 million in the same period last year, despite an unrealized loss of $12 million from marketable equity securities. The company’s subsidiary, CompX International, experienced a drop in segment profit to $4.9 million from $7.4 million, driven by lower sales and reduced gross margins in Security Products. Additionally, NL Industries recorded equity losses of $4 million from its stake in Kronos Worldwide (NYSE:KRO), compared to $1.6 million in losses the previous year. Despite these mixed results, the company’s earnings performance reflects effective cost management and resilience in certain market segments.
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