Lsb Industries Inc. $LXU Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC cut its stake in shares of Lsb Industries Inc. (NYSE:LXU) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,310,794 shares of the conglomerate’s stock after selling 269,007 shares during the period. First Eagle Investment Management LLC’s holdings in Lsb Industries were worth $11,142,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LXU. Russell Investments Group Ltd. increased its position in shares of Lsb Industries by 2,900.0% during the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Lsb Industries in the third quarter valued at approximately $42,000. Tower Research Capital LLC TRC grew its holdings in shares of 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 purchasing an additional 2,856 shares in the last quarter. Quarry LP acquired a new position in shares of Lsb Industries in the third quarter valued at approximately $94,000. Finally, Orion Porfolio Solutions LLC grew its holdings in shares of Lsb Industries by 21.0% in the third quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after purchasing an additional 2,148 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Lsb Industries Stock Up 3.6%

Shares of Lsb Industries stock opened at $15.43 on Wednesday. Lsb Industries Inc. has a 52-week low of $6.80 and a 52-week high of $17.22. The company has a 50 day moving average of $14.44 and a 200 day moving average of $11.08. The company has a quick ratio of 2.85, a current ratio of 3.07 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.11 billion, a P/E ratio of 24.50 and a beta of 0.38.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.14. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. The company had revenue of $169.49 million during the quarter, compared to the consensus estimate of $166.19 million. As a group, research analysts forecast that Lsb Industries Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LXU shares. UBS Group lifted their price objective on shares of Lsb Industries from $9.75 to $16.50 and gave the company a “neutral” rating in a report on Thursday, March 26th. Royal Bank Of Canada restated a “sector perform” rating and issued a $15.00 price objective (up from $14.00) on shares of Lsb Industries in a report on Monday. Wall Street Zen upgraded shares of Lsb Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, April 6th. Jefferies Financial Group lifted their price objective on shares of Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, March 12th. Finally, Weiss Ratings upgraded shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.50.

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.