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

Bank of New York Mellon Corp decreased its position in LSB Industries, Inc. (NYSE:LXU) by 37.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,936 shares of the conglomerate’s stock after selling 88,470 shares during the period. Bank of New York Mellon Corp owned 0.21% of LSB Industries worth $1,146,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Pekin Hardy Strauss Inc. raised its position in LSB Industries by 112.6% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 128,370 shares of the conglomerate’s stock valued at $1,032,000 after purchasing an additional 68,000 shares in the last quarter. Barclays PLC raised its holdings in shares of LSB Industries by 224.9% in the third quarter. Barclays PLC now owns 89,273 shares of the conglomerate’s stock valued at $718,000 after acquiring an additional 61,793 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of LSB Industries in the third quarter valued at about $257,000. The Manufacturers Life Insurance Company lifted its stake in LSB Industries by 14.3% in the third quarter. The Manufacturers Life Insurance Company now owns 85,931 shares of the conglomerate’s stock worth $691,000 after acquiring an additional 10,762 shares during the period. Finally, Ausbil Investment Management Ltd bought a new position in LSB Industries during the 4th quarter worth about $313,000. Institutional investors own 73.67% of the company’s stock.

LSB Industries Stock Performance

LXU stock opened at $6.90 on Tuesday. LSB Industries, Inc. has a one year low of $6.43 and a one year high of $10.40. The firm has a market cap of $495.40 million, a price-to-earnings ratio of -32.83, a PEG ratio of 0.89 and a beta of 0.69. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. The firm has a 50-day simple moving average of $7.93 and a two-hundred day simple moving average of $8.18.

Analyst Ratings Changes

LXU has been the subject of several recent research reports. StockNews.com cut shares of LSB Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, March 12th. Piper Sandler raised shares of LSB Industries from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $9.00 to $11.00 in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $10.75.

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.