74,977 Shares in Lsb Industries Inc. $LXU Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in shares of Lsb Industries Inc. (NYSE:LXU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 74,977 shares of the conglomerate’s stock, valued at approximately $811,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in Lsb Industries in the fourth quarter worth approximately $29,000. Persistent Asset Partners Ltd purchased a new stake in shares of Lsb Industries in the 2nd quarter worth $47,000. Russell Investments Group Ltd. raised its holdings in Lsb Industries by 2,900.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 4,350 shares during the period. Aquatic Capital Management LLC purchased a new position in Lsb Industries during the third quarter valued at $42,000. Finally, Tower Research Capital LLC TRC grew its holdings in Lsb Industries by 90.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 2,856 shares during the period. 73.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LXU has been the topic of several recent research reports. Royal Bank Of Canada raised Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research note on Monday, August 10th. Weiss Ratings downgraded shares of Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. UBS Group set a $16.00 price target on shares of Lsb Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Lsb Industries currently has an average rating of “Hold” and an average price target of $14.67.

Lsb Industries Stock Down 0.5%

Shares of LXU stock opened at $10.39 on Friday. The stock has a market cap of $748.08 million, a P/E ratio of 20.78 and a beta of 0.30. Lsb Industries Inc. has a 52 week low of $7.71 and a 52 week high of $17.22. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $10.75 and its two-hundred day simple moving average is $12.38.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data 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 the consensus estimate of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. Analysts predict that Lsb Industries Inc. will post 0.53 EPS for the current fiscal year.

Insider Transactions at Lsb Industries

In other Lsb Industries news, Director Lynn F. White sold 40,000 shares of Lsb Industries stock in a transaction that occurred on 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. The trade was a 16.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kristy Carver sold 9,554 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 47,452 shares in the company, valued at $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is currently owned by insiders.

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.