Bank of New York Mellon Corp Trims Stock Holdings in LSB Industries, Inc. (NYSE:LXU)

Bank of New York Mellon Corp lowered its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 11.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 283,508 shares of the conglomerate’s stock after selling 36,260 shares during the period. Bank of New York Mellon Corp owned 0.40% of LSB Industries worth $2,319,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in LSB Industries by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,525,077 shares of the conglomerate’s stock valued at $23,509,000 after acquiring an additional 18,965 shares in the last quarter. Gendell Jeffrey L grew its position in shares of LSB Industries by 22.9% during the 1st quarter. Gendell Jeffrey L now owns 2,450,496 shares of the conglomerate’s stock valued at $21,515,000 after purchasing an additional 457,139 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of LSB Industries by 9.3% in the first quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock worth $9,578,000 after purchasing an additional 92,500 shares during the period. Panagora Asset Management Inc. raised its position in shares of LSB Industries by 105.3% in the fourth quarter. Panagora Asset Management Inc. now owns 174,585 shares of the conglomerate’s stock worth $1,625,000 after buying an additional 89,557 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in LSB Industries by 1.1% during the first quarter. International Assets Investment Management LLC now owns 112,827 shares of the conglomerate’s stock valued at $986,000 after buying an additional 1,260 shares during the period. Hedge funds and other institutional investors own 73.67% of the company’s stock.

LSB Industries Price Performance

Shares of LSB Industries stock opened at $7.51 on Tuesday. The business’s 50-day moving average price is $7.97 and its 200-day moving average price is $8.29. The firm has a market capitalization of $537.30 million, a PE ratio of 31.29, a price-to-earnings-growth ratio of 1.32 and a beta of 0.83. LSB Industries, Inc. has a 12 month low of $6.74 and a 12 month high of $10.75. The company has a current ratio of 3.41, a quick ratio of 3.19 and a debt-to-equity ratio of 0.92.

LSB Industries (NYSE:LXU) last posted its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $140.07 million for the quarter, compared to the consensus estimate of $147.09 million. LSB Industries had a net margin of 0.40% and a return on equity of 1.29%. Sell-side analysts forecast that LSB Industries, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $10.00 target price on shares of LSB Industries in a research note on Monday, August 12th. Piper Sandler upped their price objective on shares of LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of LSB Industries from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, UBS Group cut their price target on shares of LSB Industries from $9.25 to $8.75 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.69.

About LSB Industries

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.