Empowered Funds LLC Takes $3.85 Million Position in Lsb Industries Inc. $LXU

Empowered Funds LLC purchased a new position in shares of Lsb Industries Inc. (NYSE:LXU) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 355,662 shares of the conglomerate’s stock, valued at approximately $3,845,000.

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

Insider Activity at Lsb Industries

In related news, SVP Kristy Carver sold 9,554 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.38, for a total transaction of $118,278.52. Following the completion of the sale, the senior vice president directly owned 47,452 shares of the company’s stock, valued at approximately $587,455.76. This represents a 16.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn F. White sold 40,000 shares of the 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 directly owned 202,489 shares of the company’s stock, valued at approximately $2,389,370.20. The trade was a 16.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.00% of the stock is currently owned by insiders.

Lsb Industries Stock Up 4.4%

NYSE:LXU opened at $11.14 on Wednesday. Lsb Industries Inc. has a 1 year low of $7.71 and a 1 year high of $17.22. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. The stock has a market cap of $802.08 million, a price-to-earnings ratio of 22.28 and a beta of 0.31. The stock has a 50-day moving average price of $10.75 and a two-hundred day moving average price of $12.41.

Lsb Industries (NYSE:LXU) last released its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42). The business 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, equities analysts expect that Lsb Industries Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Lsb Industries 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.