Bank of New York Mellon Corp raised its stake in shares of Lsb Industries Inc. (NYSE:LXU) by 15.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,266 shares of the conglomerate’s stock after buying an additional 31,121 shares during the period. Bank of New York Mellon Corp owned 0.82% of Lsb Industries worth $2,198,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in LXU. Monarch Partners Asset Management LLC raised its stake in Lsb Industries by 53.2% in the first quarter. Monarch Partners Asset Management LLC now owns 34,410 shares of the conglomerate’s stock valued at $323,000 after buying an additional 11,950 shares during the period. Eidelman Virant Capital raised its stake in Lsb Industries by 1.1% in the first quarter. Eidelman Virant Capital now owns 1,017,346 shares of the conglomerate’s stock valued at $9,542,000 after buying an additional 10,600 shares during the period. Finally, State Street Corp raised its stake in Lsb Industries by 2.8% in the fourth quarter. State Street Corp now owns 411,352 shares of the conglomerate’s stock valued at $3,463,000 after buying an additional 11,302 shares during the period. 68.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lsb Industries Inc. (NYSE:LXU) traded up 5.88% during trading on Monday, hitting $6.66. The stock had a trading volume of 679,694 shares. Lsb Industries Inc. has a 52 week low of $4.52 and a 52 week high of $12.68. The firm has a 50-day moving average price of $9.26 and a 200 day moving average price of $9.19. The company has a market capitalization of $189.18 million, a PE ratio of 3.21 and a beta of 4.54.
Lsb Industries (NYSE:LXU) last posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by $0.26. Lsb Industries had a net margin of 24.04% and a negative return on equity of 1.11%. The company had revenue of $122.90 million for the quarter, compared to the consensus estimate of $138.21 million. During the same period in the prior year, the firm posted ($0.73) EPS. The business’s revenue was up 11.7% on a year-over-year basis. Equities analysts anticipate that Lsb Industries Inc. will post ($2.57) earnings per share for the current year.
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Several equities analysts have commented on the company. ValuEngine downgraded Lsb Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Lsb Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th.
Lsb Industries Company Profile
LSB Industries, Inc is a holding company. The Company, through its subsidiaries, is engaged in the manufacture and sale of chemical products. The Company operates through chemical business segment. It is a manufacturer and distributor of nitrogen fertilizer and other nitrogen products in North America.
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