LSB Industries, Inc. (NYSE:LXU) Shares Sold by Comerica Bank

Comerica Bank decreased its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,619 shares of the conglomerate’s stock after selling 4,792 shares during the quarter. Comerica Bank’s holdings in LSB Industries were worth $255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of LSB Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,089,060 shares of the conglomerate’s stock worth $23,446,000 after purchasing an additional 12,345 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in LSB Industries by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate’s stock valued at $13,361,000 after acquiring an additional 88,506 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of LSB Industries by 11.7% in the fourth quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate’s stock worth $12,304,000 after acquiring an additional 169,275 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of LSB Industries by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,218,218 shares of the conglomerate’s stock worth $9,249,000 after purchasing an additional 7,496 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of LSB Industries by 4.9% during the 4th quarter. Northern Trust Corp now owns 485,269 shares of the conglomerate’s stock worth $3,683,000 after purchasing an additional 22,874 shares during the period. 73.67% of the stock is currently owned by institutional investors and hedge funds.

LSB Industries Stock Up 0.6%

Shares of LXU opened at $7.21 on Friday. The company has a 50-day simple moving average of $6.24 and a 200-day simple moving average of $7.55. 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 market capitalization of $517.88 million, a P/E ratio of -34.31, a P/E/G ratio of 0.89 and a beta of 1.05. LSB Industries, Inc. has a 52 week low of $4.88 and a 52 week high of $10.40.

LSB Industries (NYSE:LXU) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. The firm had revenue of $143.43 million for the quarter, compared to analyst estimates of $139.79 million. On average, equities research analysts expect that LSB Industries, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com cut LSB Industries from a “hold” rating to a “sell” rating in a report on Wednesday, March 12th. UBS Group cut their price target on shares of LSB Industries from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Piper Sandler set a $10.00 price target on LSB Industries in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.75.

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.