Bank of New York Mellon Corp Buys New Shares in Lsb Industries Inc. $LXU

Key Points

• Bank of New York Mellon acquired 177,759 shares of LSB Industries in the second quarter, valued at approximately $1.92 million, giving it a 0.25% stake. Institutional investors and hedge funds collectively own 73.67% of the company.
• Analyst sentiment is mixed but leans neutral: RBC upgraded LXU to “outperform,” while other firms maintained or lowered their ratings. The consensus rating is “Hold”, with an average price target of $14.67.
• LSB Industries reported a quarterly loss of $0.09 per share, missing the $0.33 estimate, although revenue of $168.09 million exceeded expectations. Shares opened at $11.38, compared with a 52-week range of $7.71 to $17.22.

Bank of New York Mellon Corp acquired a new position in Lsb Industries Inc. (NYSE:LXU - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 177,759 shares of the conglomerate's stock, valued at approximately $1,922,000. Bank of New York Mellon Corp owned approximately 0.25% of Lsb Industries at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Lsb Industries during the 4th quarter worth approximately $29,000. Russell Investments Group Ltd. increased its position in Lsb Industries by 2,900.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate's stock valued at $35,000 after buying an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Lsb Industries in the 3rd quarter valued at about $42,000. Tower Research Capital LLC TRC raised its stake in Lsb Industries by 90.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate's stock worth $47,000 after buying an additional 2,856 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Lsb Industries during the 4th quarter worth approximately $97,000. 73.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Lsb Industries Price Performance

LXU opened at $11.38 on Wednesday. Lsb Industries Inc. has a fifty-two week low of $7.71 and a fifty-two week high of $17.22. The firm has a 50-day moving average of $10.81 and a 200 day moving average of $12.46. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43. The firm has a market cap of $819.72 million, a P/E ratio of 22.77 and a beta of 0.31.

Lsb Industries (NYSE:LXU - Get Free Report) last released its earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share 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 company had revenue of $168.09 million for the quarter, compared to the consensus estimate of $155.45 million. On average, research analysts expect that Lsb Industries Inc. will post 0.53 EPS for the current year.

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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