Engineers Gate Manager LP Trims Stock Position in Lsb Industries Inc. $LXU

Key Points

• Engineers Gate Manager LP cut its LSB Industries stake by 61.3% in the second quarter, selling 153,815 shares and retaining 97,025 shares valued at approximately $1.05 million. Institutional investors collectively own 73.67% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $14.67; Royal Bank of Canada upgraded the stock to “Outperform” with a $13 target.
• LSB Industries reported quarterly EPS of negative $0.09, missing the $0.33 consensus estimate, though revenue of $168.09 million exceeded expectations. Shares opened at $11.06, compared with a 52-week range of $7.71 to $17.22.

Engineers Gate Manager LP lessened its stake in shares of Lsb Industries Inc. (NYSE:LXU - Free Report) by 61.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,025 shares of the conglomerate's stock after selling 153,815 shares during the period. Engineers Gate Manager LP owned about 0.13% of Lsb Industries worth $1,049,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AXQ Capital LP grew its position in shares of Lsb Industries by 4.8% during the 2nd quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate's stock worth $505,000 after buying an additional 2,144 shares in the last quarter. Persistent Asset Partners Ltd purchased a new position in shares of Lsb Industries during the second quarter valued at $47,000. Quantinno Capital Management LP raised its holdings in shares of Lsb Industries by 12.5% in the first quarter. Quantinno Capital Management LP now owns 50,061 shares of the conglomerate's stock valued at $746,000 after acquiring an additional 5,578 shares in the last quarter. MQS Management LLC bought a new stake in shares of Lsb Industries in the first quarter valued at about $172,000. Finally, Cibc World Market Inc. purchased a new stake in Lsb Industries in the second quarter worth about $140,000. Hedge funds and other institutional investors own 73.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Lsb Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings cut shares of 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 shares of Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price objective on the stock in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Lsb Industries presently has a consensus rating of "Hold" and an average price target of $14.67.

Lsb Industries Stock Performance

LXU opened at $11.06 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.43 and a quick ratio of 2.31. The firm has a fifty day moving average price of $10.90 and a 200 day moving average price of $12.49. Lsb Industries Inc. has a 1 year low of $7.71 and a 1 year high of $17.22. The stock has a market cap of $796.68 million, a P/E ratio of 22.13 and a beta of 0.31.

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). Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. The firm had revenue of $168.09 million for the quarter, compared to analyst estimates of $155.45 million. Equities research analysts anticipate that Lsb Industries Inc. will post 0.53 earnings per share for the current year.

Lsb Industries Profile

LSB Industries, Inc is a diversified chemical company that manufactures nitrogen-based fertilizer and industrial products. Its agricultural offerings include ammonia, urea ammonium nitrate (UAN) and ammonium nitrate, which are used by farmers and agricultural distributors to support crop production.

The company also produces industrial chemicals, including ammonia and nitric acid, for applications in areas such as emissions control, chemical processing, mining and other industrial markets.

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