Legal & General Group Plc decreased its stake in Lsb Industries Inc. (NYSE:LXU) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,621 shares of the conglomerate’s stock after selling 263 shares during the period. Legal & General Group Plc owned 0.12% of Lsb Industries worth $325,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Eidelman Virant Capital raised its stake in Lsb Industries by 1.1% in the first quarter. Eidelman Virant Capital now owns 1,017,346 shares of the conglomerate’s stock valued at $9,542,000 after buying an additional 10,600 shares during the last quarter. Cortina Asset Management LLC raised its stake in Lsb Industries by 14.4% in the first quarter. Cortina Asset Management LLC now owns 749,147 shares of the conglomerate’s stock valued at $7,027,000 after buying an additional 94,126 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Lsb Industries by 1.1% in the first quarter. Ameriprise Financial Inc. now owns 469,024 shares of the conglomerate’s stock valued at $4,400,000 after buying an additional 4,951 shares during the last quarter. State Street Corp raised its stake in Lsb Industries by 2.8% in the fourth quarter. State Street Corp now owns 411,352 shares of the conglomerate’s stock valued at $3,463,000 after buying an additional 11,302 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Lsb Industries by 15.3% in the first quarter. Bank of New York Mellon Corp now owns 234,266 shares of the conglomerate’s stock valued at $2,198,000 after buying an additional 31,121 shares during the last quarter. 69.20% of the stock is owned by institutional investors.

Lsb Industries Inc. (LXU) traded down 0.4499% during mid-day trading on Tuesday, hitting $6.6599. 125,402 shares of the stock traded hands. The firm’s 50-day moving average price is $10.14 and its 200-day moving average price is $9.28. Lsb Industries Inc. has a 52 week low of $4.52 and a 52 week high of $12.84. The firm has a market cap of $189.17 million, a P/E ratio of 3.2096 and a beta of 4.54.

Lsb Industries (NYSE:LXU) last released its earnings results on Tuesday, July 25th. The conglomerate reported ($0.53) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by $0.26. The business had revenue of $122.90 million during the quarter, compared to analysts’ expectations of $138.21 million. Lsb Industries had a negative return on equity of 1.11% and a net margin of 24.04%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.73) earnings per share. On average, equities analysts forecast that Lsb Industries Inc. will post ($2.57) earnings per share for the current fiscal year.

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Several analysts have recently weighed in on LXU shares. ValuEngine lowered shares of Lsb Industries from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered shares of Lsb Industries from a “buy” rating to a “sell” rating in a report on Monday, April 17th.

About Lsb Industries

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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Institutional Ownership by Quarter for Lsb Industries (NYSE:LXU)

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