Lsb Industries Inc. $LXU Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of Lsb Industries Inc. (NYSE:LXU) by 343.2% during the first quarter, HoldingsChannel.com reports. The fund owned 182,351 shares of the conglomerate’s stock after purchasing an additional 141,208 shares during the quarter. Sei Investments Co.’s holdings in Lsb Industries were worth $2,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Kennedy Capital Management LLC grew its position in Lsb Industries by 0.4% during the fourth quarter. Kennedy Capital Management LLC now owns 277,355 shares of the conglomerate’s stock worth $2,358,000 after buying an additional 1,210 shares during the period. Rhumbline Advisers increased its position in Lsb Industries by 1.8% during the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock worth $700,000 after buying an additional 1,616 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Lsb Industries by 8.5% in the fourth quarter. Millennium Management LLC now owns 21,573 shares of the conglomerate’s stock worth $183,000 after acquiring an additional 1,692 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in Lsb Industries by 21.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after purchasing an additional 2,148 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Lsb Industries by 7.4% during the 1st quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock worth $257,000 after purchasing an additional 2,692 shares during the last quarter. 73.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on LXU. Wall Street Zen lowered shares of Lsb Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Weiss Ratings downgraded Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Royal Bank Of Canada reduced their price target on Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Friday, July 17th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.67.

Insider Buying and Selling at Lsb Industries

In related news, SVP Kristy Carver sold 9,554 shares of Lsb Industries stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.38, for a total value of $118,278.52. Following the transaction, the senior vice president owned 47,452 shares in the company, valued at approximately $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynn F. White sold 40,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total value of $472,000.00. Following the sale, the director owned 202,489 shares of the company’s stock, valued at $2,389,370.20. This represents a 16.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.00% of the company’s stock.

Lsb Industries Price Performance

LXU opened at $9.63 on Friday. The company’s 50 day simple moving average is $11.29 and its 200 day simple moving average is $12.29. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43. Lsb Industries Inc. has a 1 year low of $7.15 and a 1 year high of $17.22. The stock has a market capitalization of $693.72 million, a PE ratio of 19.27 and a beta of 0.30.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.42). The company had revenue of $168.09 million for the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%. As a group, sell-side analysts expect that Lsb Industries Inc. will post 0.53 EPS for the current year.

Lsb Industries Company 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.