Bank of America Corp DE Has $865,000 Position in LSB Industries, Inc. (NYSE:LXU)

Bank of America Corp DE decreased its position in shares of LSB Industries, Inc. (NYSE:LXU - Free Report) by 63.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,957 shares of the conglomerate's stock after selling 199,582 shares during the period. Bank of America Corp DE owned about 0.16% of LSB Industries worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in LXU. Barclays PLC boosted its stake in shares of LSB Industries by 1.7% in the 4th quarter. Barclays PLC now owns 90,783 shares of the conglomerate's stock valued at $688,000 after purchasing an additional 1,510 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in LSB Industries by 1.1% in the 4th quarter. Kennedy Capital Management LLC now owns 162,269 shares of the conglomerate's stock valued at $1,232,000 after purchasing an additional 1,691 shares during the last quarter. LPL Financial LLC boosted its position in LSB Industries by 2.9% in the fourth quarter. LPL Financial LLC now owns 70,100 shares of the conglomerate's stock valued at $532,000 after buying an additional 1,960 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in LSB Industries by 157.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate's stock valued at $28,000 after buying an additional 2,230 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of LSB Industries by 5.8% during the fourth quarter. Moors & Cabot Inc. now owns 45,800 shares of the conglomerate's stock worth $348,000 after buying an additional 2,500 shares during the last quarter. 73.67% of the stock is owned by institutional investors.

LSB Industries Price Performance

Shares of NYSE:LXU opened at $7.69 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. LSB Industries, Inc. has a 52 week low of $4.88 and a 52 week high of $10.40. The firm has a market cap of $552.38 million, a PE ratio of -36.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.23. The firm's fifty day moving average is $6.41 and its 200-day moving average is $7.44.

LSB Industries (NYSE:LXU - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $143.43 million for the quarter, compared to analyst estimates of $139.79 million. LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. Sell-side analysts predict that LSB Industries, Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen upgraded LSB Industries from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st. Piper Sandler set a $10.00 target price on LSB Industries in a research report on Thursday, March 27th. Finally, UBS Group reduced their price target on LSB Industries from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th.

LSB Industries Company Profile

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.

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