Empowered Funds LLC Makes New Investment in Lsb Industries Inc. $LXU

Key Points

• Empowered Funds LLC acquired 355,662 shares of LSB Industries in the second quarter, worth approximately $3.85 million and representing 0.49% of the company. Institutional investors collectively own 73.67% of LXU.
• LSB Industries reported a quarterly loss of $0.09 per share, missing the $0.33 consensus estimate, although revenue of $168.09 million exceeded expectations of $155.45 million.
• Analysts maintain a consensus “Hold” rating, with an average price target of $14.67 versus the stock’s reported opening price of $11.14. Meanwhile, two company insiders sold shares totaling more than $590,000.

Empowered Funds LLC acquired a new stake in shares of Lsb Industries Inc. (NYSE:LXU - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 355,662 shares of the conglomerate's stock, valued at approximately $3,845,000. Empowered Funds LLC owned 0.49% of Lsb Industries as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kennedy Capital Management LLC increased its position in shares of Lsb Industries by 0.4% during the 4th quarter. Kennedy Capital Management LLC now owns 277,355 shares of the conglomerate's stock worth $2,358,000 after purchasing an additional 1,210 shares in the last quarter. Rhumbline Advisers boosted its position in Lsb Industries by 1.8% in the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate's stock valued at $700,000 after buying an additional 1,616 shares in the last quarter. Millennium Management LLC boosted its position in Lsb Industries by 8.5% in the fourth quarter. Millennium Management LLC now owns 21,573 shares of the conglomerate's stock valued at $183,000 after buying an additional 1,692 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in 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 buying an additional 2,148 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Lsb Industries by 7.4% during the first quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate's stock worth $257,000 after buying an additional 2,692 shares during the last quarter. Institutional investors and hedge funds own 73.67% of the company's stock.

Lsb Industries Price Performance

Shares of LXU stock 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 firm's 50 day moving average is $10.75 and its 200-day moving average is $12.41. The firm has a market capitalization of $802.08 million, a price-to-earnings ratio of 22.28 and a beta of 0.31. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82.

Lsb Industries (NYSE:LXU - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.42). The company had revenue of $168.09 million for the quarter, compared to the consensus estimate of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. Sell-side analysts forecast that Lsb Industries Inc. will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LXU shares. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the company a "neutral" rating in a research note on Wednesday, May 13th. Wall Street Zen lowered Lsb Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings lowered 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 Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price target for the company in a report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $14.67.

Insider Buying and Selling at Lsb Industries

In other news, SVP Kristy Carver sold 9,554 shares of Lsb Industries stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.38, for a total value 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn F. White sold 40,000 shares of the business's stock in a transaction 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 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 position. The SEC filing for this sale provides additional information. 3.00% of the stock is currently owned by corporate insiders.

Lsb Industries Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.