AIG Cuts Stake in LSB Industries by Selling 9202 Shares
November 25, 2023
🌥️Trending News
LSB ($NYSE:LXU) Industries, Inc. recently had 9202 shares sold by American International Group Inc. (AIG). LSB Industries is an Oklahoma-based chemical company that manufactures and markets a range of products including ammonia, nitric acid, and other industrial and specialty chemicals to customers in the agricultural, mining, oil and gas, and consumer products industries. The company is also involved in the manufacture and sale of heating, ventilation, and air conditioning products, primarily in the southwestern United States.
In addition, it operates a real estate investment and development business. LSB Industries is an established company that has been in operation for over a century. It has grown to become a leader in the production and sale of chemicals and other products that are used in various industries. The company is well-known for its commitment to safety and environmental stewardship, and has received numerous awards for its efforts. With its strong financials, LSB Industries is well positioned to continue its success into the future.
Stock Price
The effects were felt immediately in the stock market, causing the stock to open at $8.4 and close at $8.3, a decrease of 2.7% from its previous closing price of 8.5. This move by AIG may have been caused by the company’s focus on other investments, or simply a desire to lower its overall stake in the company. Regardless of the reason, it is clear that AIG’s sale of shares has had an immediate and lasting effect on LSB Industries’ stock price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lsb Industries. More…
| Total Revenues | Net Income | Net Margin |
| 694.75 | 99.14 | 13.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lsb Industries. More…
| Operations | Investing | Financing |
| 227.79 | -369.74 | 5.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lsb Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.29k | 759.46 | 7.17 |
Key Ratios Snapshot
Some of the financial key ratios for Lsb Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.4% | -28.7% | 22.1% |
| FCF Margin | ROE | ROA |
| 23.9% | 17.9% | 7.4% |
Analysis
GoodWhale has conducted an analysis of LSB INDUSTRIES‘ health and according to our Star Chart, the company is strong in asset, medium in growth, profitability and weak in dividend. We have classified LSB INDUSTRIES as a ‘rhino’, meaning that they have achieved moderate revenue or earnings growth. We believe that investors who are looking for companies with moderate growth potential and strong assets would be interested in LSB INDUSTRIES. Furthermore, the company’s intermediate health score of 6/10 considering its cashflows and debt indicates that it is likely to be able to sustain future operations in times of crisis. More…
Peers
LSB Industries Inc, a chemical manufacturing company, produces and sells chemicals, including ammonia, urea ammonium nitrate, and methanol. The company’s competitors include Westlake Chemical Partners LP, Univar Solutions Inc, and AdvanSix Inc.
– Westlake Chemical Partners LP ($NYSE:WLKP)
Westlake Chemical Partners LP is a publicly traded limited partnership formed in 2014 by Westlake Chemical Corporation. The Partnership is engaged in the business of owning, operating and developing ethylene production facilities and related assets. Westlake Chemical Partners’ ethylene production facilities are located in Lake Charles, Louisiana and Longview, Texas. The Partnership’s common units trade on the New York Stock Exchange under the symbol “WLKP”.
– Univar Solutions Inc ($NYSE:UNVR)
Univar Solutions Inc is a global chemical and ingredient distributor and provider of value-added services. The company has a market cap of 4.25B as of 2022 and a Return on Equity of 21.66%. Univar Solutions Inc operates in more than 40 countries and provides products and services to customers in a variety of industries, including chemicals, pharmaceuticals, food and beverage, agriculture, construction, and personal care. The company offers a broad portfolio of products and services, including sourcing, logistics, distribution, formulation, and technical services.
– AdvanSix Inc ($NYSE:ASIX)
AdvanSix Inc is a specialty chemical company that produces and sells resins, chemicals, and intermediates. The company has a market cap of 1.02B as of 2022 and a Return on Equity of 23.64%. The company’s products are used in a variety of applications, including adhesives, coatings, insulation, and tires.
Summary
Investors in LSB Industries, Inc. (NYSE: LXU) need to pay close attention to the stock based on moves in the options market lately. This move could indicate a bearish outlook for the company, suggesting that traders think it is more likely to underperform than outperform the market. Investors will want to keep an eye on the stock to see if it can break through that level and hold it for further gains. Analysts are also watching closely for any announcements or news about the company, which could affect its stock price and further inform investors’ decisions.
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