Renaissance Technologies LLC raised its position in shares of Lsb Industries Inc. (NYSE:LXU – Free Report) by 2.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,792,506 shares of the conglomerate’s stock after purchasing an additional 46,613 shares during the period. Renaissance Technologies LLC’s holdings in Lsb Industries were worth $26,708,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new position in Lsb Industries during the 4th quarter valued at about $29,000. Russell Investments Group Ltd. grew 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 worth $35,000 after purchasing an additional 4,350 shares during the period. Aquatic Capital Management LLC bought a new position in shares of Lsb Industries during the third quarter valued at approximately $42,000. Tower Research Capital LLC TRC increased its stake in shares of 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 in the last quarter. Finally, Quarry LP purchased a new position in shares of Lsb Industries during the third quarter valued at approximately $94,000. 73.67% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Wall Street Zen cut Lsb Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lsb Industries in a research note on Tuesday, July 21st. 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. Finally, Royal Bank Of Canada cut their target price 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.67.
Insider Transactions at Lsb Industries
In related news, Director Lynn F. White sold 40,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total transaction of $472,000.00. Following the transaction, the director owned 202,489 shares in the company, valued at $2,389,370.20. This represents a 16.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kristy Carver sold 9,554 shares of Lsb Industries 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 trade represents a 16.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.00% of the company’s stock.
Lsb Industries Stock Performance
LXU stock opened at $11.46 on Thursday. The stock has a market capitalization of $824.50 million, a PE ratio of 18.19 and a beta of 0.34. The stock’s 50 day simple moving average is $11.70 and its 200 day simple moving average is $12.29. Lsb Industries Inc. has a 12-month low of $7.09 and a 12-month high of $17.22. The company has a current ratio of 3.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.81.
Lsb Industries (NYSE:LXU – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42). Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. The business had revenue of $168.09 million for the quarter, compared to the consensus estimate of $155.45 million. As a group, research analysts forecast that Lsb Industries Inc. will post 0.53 earnings per share for the current fiscal year.
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.
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