Kennedy Capital Management Inc. Boosts Holdings in Lsb Industries Inc. (LXU)
Kennedy Capital Management Inc. raised its position in shares of Lsb Industries Inc. (NYSE:LXU) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 366,022 shares of the conglomerate’s stock after acquiring an additional 23,255 shares during the quarter. Kennedy Capital Management Inc. owned approximately 1.29% of Lsb Industries worth $3,781,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System boosted its position in Lsb Industries by 2.9% during the 1st quarter. Arizona State Retirement System now owns 10,620 shares of the conglomerate’s stock valued at $100,000 after acquiring an additional 300 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in Lsb Industries by 6.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 11,470 shares of the conglomerate’s stock valued at $108,000 after acquiring an additional 690 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in Lsb Industries during the 2nd quarter valued at approximately $119,000. KCG Holdings Inc. bought a new stake in Lsb Industries during the 1st quarter valued at approximately $125,000. Finally, Texas Permanent School Fund boosted its position in Lsb Industries by 1.0% during the 1st quarter. Texas Permanent School Fund now owns 14,808 shares of the conglomerate’s stock valued at $139,000 after acquiring an additional 150 shares in the last quarter. 70.22% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Lsb Industries Inc. (LXU) opened at 6.99 on Friday. The company has a market capitalization of $198.55 million, a PE ratio of 3.37 and a beta of 4.52. Lsb Industries Inc. has a 12 month low of $4.52 and a 12 month high of $11.71. The stock has a 50 day moving average price of $6.45 and a 200-day moving average price of $8.73.
Lsb Industries (NYSE:LXU) last issued its quarterly earnings data on Tuesday, July 25th. The conglomerate reported ($0.53) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.26). The business had revenue of $122.90 million for the quarter, compared to analysts’ expectations of $138.21 million. Lsb Industries had a net margin of 24.04% and a negative return on equity of 1.11%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.73) earnings per share. Analysts forecast that Lsb Industries Inc. will post ($2.57) EPS for the current year.
LXU has been the topic of a number of analyst reports. ValuEngine raised Lsb Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised 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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