Bank of America Corp DE Grows Position in Lsb Industries Inc. $LXU

Bank of America Corp DE grew its position in Lsb Industries Inc. (NYSE:LXU - Free Report) by 124.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,021 shares of the conglomerate's stock after purchasing an additional 138,217 shares during the period. Bank of America Corp DE owned approximately 0.35% of Lsb Industries worth $3,710,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in Lsb Industries in the fourth quarter valued at approximately $29,000. Russell Investments Group Ltd. grew its stake in Lsb Industries by 2,900.0% during the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate's stock worth $35,000 after buying an additional 4,350 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Lsb Industries in the third quarter worth $42,000. Tower Research Capital LLC TRC increased its position in shares of Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate's stock worth $47,000 after acquiring an additional 2,856 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Lsb Industries in the 3rd quarter valued at $94,000. Hedge funds and other institutional investors own 73.67% of the company's stock.

Insider Buying and Selling at Lsb Industries

In other news, Director Lynn F. White sold 40,000 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total transaction of $472,000.00. Following the transaction, the director owned 202,489 shares of the company's stock, valued at approximately $2,389,370.20. This trade represents a 16.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kristy Carver sold 9,554 shares of Lsb Industries stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.38, for a total value of $118,278.52. Following the completion of the transaction, the senior vice president owned 47,452 shares of the company's stock, valued at $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.00% of the company's stock.

Lsb Industries Price Performance

LXU stock opened at $10.39 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. Lsb Industries Inc. has a 52-week low of $7.71 and a 52-week high of $17.22. The stock's 50 day moving average is $10.75 and its two-hundred day moving average is $12.38. The company has a market capitalization of $748.08 million, a PE ratio of 20.78 and a beta of 0.30.

Lsb Industries (NYSE:LXU - Get Free Report) last announced its earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.42). Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. The business had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. Analysts predict that Lsb Industries Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LXU shares. Royal Bank Of Canada upgraded Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price target for the company in a report on Monday, August 10th. Weiss Ratings downgraded Lsb Industries from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 4th. UBS Group set a $16.00 target price on Lsb Industries and gave the company a "neutral" rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen downgraded Lsb Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $14.67.

Lsb Industries Profile

LSB Industries, Inc NYSE: LXU is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.

Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.

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