Lsb Industries Inc. $LXU Shares Sold by Royce & Associates LP

Royce & Associates LP cut its holdings in Lsb Industries Inc. (NYSE:LXU) by 21.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 181,067 shares of the conglomerate’s stock after selling 49,580 shares during the period. Royce & Associates LP owned 0.25% of Lsb Industries worth $1,427,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Rhumbline Advisers lifted its stake in shares of Lsb Industries by 1.8% in the 2nd quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock valued at $700,000 after purchasing an additional 1,616 shares in the last quarter. First Bank & Trust increased its position in Lsb Industries by 13.4% during the 3rd quarter. First Bank & Trust now owns 16,239 shares of the conglomerate’s stock worth $128,000 after purchasing an additional 1,922 shares in the last quarter. Royal Bank of Canada raised its holdings in Lsb Industries by 7.4% in the first quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock valued at $257,000 after buying an additional 2,692 shares during the period. Tower Research Capital LLC TRC lifted its position 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 buying an additional 2,856 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in Lsb Industries by 14.1% during the third quarter. Intech Investment Management LLC now owns 24,662 shares of the conglomerate’s stock valued at $194,000 after buying an additional 3,039 shares in the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Kristy Carver sold 19,550 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $9.99, for a total transaction of $195,304.50. Following the sale, the senior vice president owned 52,613 shares in the company, valued at $525,603.87. The trade was a 27.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cheryl Maguire sold 7,551 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total value of $75,510.00. Following the completion of the sale, the chief financial officer directly owned 200,719 shares of the company’s stock, valued at approximately $2,007,190. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 471,501 shares of company stock worth $4,493,971. Company insiders own 4.30% of the company’s stock.

Lsb Industries Trading Down 3.7%

Shares of NYSE:LXU opened at $13.44 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.78 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $9.92 and its 200 day moving average price is $9.06. The company has a market cap of $965.66 million, a PE ratio of 39.53 and a beta of 0.66. Lsb Industries Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $14.65.

Lsb Industries (NYSE:LXU) last announced its earnings results on Wednesday, February 25th. The conglomerate reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $165.05 million during the quarter, compared to analyst estimates of $153.88 million. Lsb Industries had a net margin of 4.00% and a return on equity of 4.90%. Sell-side analysts anticipate that Lsb Industries Inc. will post -0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LXU. Weiss Ratings raised shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday. Royal Bank Of Canada upped their price target on shares of Lsb Industries from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Wall Street Zen upgraded Lsb Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Zacks Research cut Lsb Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, UBS Group reiterated a “neutral” rating and issued a $9.75 target price (up from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.92.

About Lsb Industries

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.