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In a recent transaction disclosed by NL Industries Inc . (NYSE:NL), Bryan A. Hanley, the company’s Senior Vice President and Treasurer, purchased 250 shares of common stock. The shares were acquired on March 11 at a price of $6.78 each, totaling approximately $1,695. The timing appears favorable as InvestingPro analysis indicates the stock is currently undervalued. The company trades at an attractive P/E ratio of 5.1 and offers a substantial 5.3% dividend yield. Following this transaction, Hanley holds a total of 1,250 shares directly. This purchase was reported in a Form 4 filing with the Securities and Exchange Commission. InvestingPro subscribers can access 7 additional bullish signals and detailed valuation metrics for NL Industries.
In other recent news, NL Industries reported fourth-quarter earnings that exceeded analyst expectations with adjusted earnings per share of $0.34, surpassing the consensus estimate of $0.21. However, the company experienced a revenue decline, reporting $38.4 million for the quarter, an 11.1% decrease from the previous year’s $43.2 million. This decline was mainly attributed to reduced sales in Security Products, although there was an increase in sales for Marine Components. NL Industries noted a net income attributable to stockholders of $16.5 million, a significant rise from $7.6 million in the same period last year. The results also included an unrealized loss of $12 million due to changes in the value of marketable equity securities. CompX International, a subsidiary of NL Industries, saw its segment profit decrease to $4.9 million, primarily because of lower sales and reduced gross margin percentage at Security Products. Additionally, NL Industries reported equity in losses of $4 million from its investment in Kronos Worldwide (NYSE:KRO), compared to losses of $1.6 million last year. These recent developments highlight the company’s mixed financial performance amidst a challenging market environment.
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