Lsb Industries Inc. $LXU Shares Acquired by Sei Investments Co.

Key Points

• Sei Investments increased its LSB Industries stake by 343.2% in the first quarter, acquiring 141,208 additional shares for a total of 182,351 shares valued at approximately $2.7 million. Institutional investors now own 73.67% of the company.
• Analyst sentiment remains cautious: five analysts rate LXU as a “Hold,” with a consensus price target of $14.67. RBC cut its target to $13, while Wall Street Zen downgraded the stock from “Buy” to “Hold.”
• 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. Shares opened at $9.63, compared with a 52-week range of $7.15 to $17.22.

Sei Investments Co. increased its stake in Lsb Industries Inc. (NYSE:LXU - Free Report) by 343.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,351 shares of the conglomerate's stock after acquiring an additional 141,208 shares during the period. Sei Investments Co. owned approximately 0.25% of Lsb Industries worth $2,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Krilogy Financial LLC raised its position in Lsb Industries by 48.6% in the 4th quarter. Krilogy Financial LLC now owns 308,343 shares of the conglomerate's stock valued at $2,621,000 after purchasing an additional 100,800 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Lsb Industries during the first quarter worth about $4,416,000. Dimensional Fund Advisors LP increased its stake in shares of Lsb Industries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate's stock worth $36,241,000 after buying an additional 57,999 shares during the period. SG Americas Securities LLC increased its stake in shares of Lsb Industries by 114.4% during the fourth quarter. SG Americas Securities LLC now owns 39,076 shares of the conglomerate's stock worth $332,000 after buying an additional 20,853 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Lsb Industries in the fourth quarter valued at approximately $135,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on LXU shares. Royal Bank Of Canada decreased their price target on shares of Lsb Industries from $15.00 to $13.00 and set a "sector perform" rating for the company in a research note on Friday, July 17th. Weiss Ratings lowered shares of Lsb Industries from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday. UBS Group set a $16.00 price objective on shares of Lsb Industries and gave the stock a "neutral" rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Lsb Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $14.67.

Lsb Industries Stock Performance

Shares of Lsb Industries stock opened at $9.63 on Friday. The firm has a market capitalization of $693.72 million, a P/E ratio of 19.27 and a beta of 0.30. Lsb Industries Inc. has a 52 week low of $7.15 and a 52 week high of $17.22. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. The firm's 50 day moving average is $11.29 and its two-hundred day moving average is $12.29.

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

Insider Buying and Selling at Lsb Industries

In related news, Director Lynn F. White sold 40,000 shares of Lsb Industries stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total transaction of $472,000.00. Following the sale, the director directly owned 202,489 shares in the company, valued at $2,389,370.20. This trade represents a 16.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kristy Carver sold 9,554 shares of the company's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.38, for a total transaction of $118,278.52. Following the completion of the transaction, the senior vice president owned 47,452 shares of the company's stock, valued at $587,455.76. This represents a 16.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is owned by company insiders.

Lsb Industries 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.

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