Nuveen LLC Purchases Shares of 186,008 Lsb Industries Inc. $LXU

Key Points

• Nuveen LLC invested approximately $1.23 million in Lsb Industries Inc. by acquiring 186,008 shares, representing about 0.26% ownership of the company.
• Multiple institutional investors increased their stakes in Lsb Industries during the 4th quarter, with Wells Fargo raising its holdings by 27.6%.
• Lsb Industries reported a quarterly EPS of $0.04, which missed expectations by $0.14, along with a negative net margin of 6.15%.

Nuveen LLC purchased a new position in shares of Lsb Industries Inc. (NYSE:LXU - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 186,008 shares of the conglomerate's stock, valued at approximately $1,226,000. Nuveen LLC owned 0.26% of Lsb Industries at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Lsb Industries by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,578 shares of the conglomerate's stock worth $232,000 after purchasing an additional 1,292 shares during the period. Barclays PLC lifted its holdings in Lsb Industries by 1.7% during the 4th quarter. Barclays PLC now owns 90,783 shares of the conglomerate's stock valued at $688,000 after buying an additional 1,510 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Lsb Industries by 157.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate's stock valued at $28,000 after buying an additional 2,230 shares in the last quarter. Diversified Trust Co lifted its holdings in Lsb Industries by 17.6% during the 1st quarter. Diversified Trust Co now owns 18,419 shares of the conglomerate's stock valued at $121,000 after buying an additional 2,759 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Lsb Industries by 9.1% during the 4th quarter. Stifel Financial Corp now owns 34,906 shares of the conglomerate's stock valued at $265,000 after buying an additional 2,925 shares in the last quarter. 73.67% of the stock is owned by hedge funds and other institutional investors.

Lsb Industries Stock Down 0.4%

Shares of NYSE LXU traded down $0.04 during trading hours on Thursday, hitting $8.23. 130,729 shares of the stock were exchanged, compared to its average volume of 448,634. The company has a quick ratio of 2.39, a current ratio of 2.64 and a debt-to-equity ratio of 0.90. The company has a market cap of $591.71 million, a PE ratio of -17.88 and a beta of 0.83. The firm has a fifty day moving average price of $8.09 and a 200-day moving average price of $7.32. Lsb Industries Inc. has a 12 month low of $4.88 and a 12 month high of $9.68.

Lsb Industries (NYSE:LXU - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The conglomerate reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). The firm had revenue of $151.30 million for the quarter, compared to the consensus estimate of $156.76 million. Lsb Industries had a negative return on equity of 0.34% and a negative net margin of 6.15%. On average, sell-side analysts expect that Lsb Industries Inc. will post -0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LXU. Wall Street Zen upgraded shares of Lsb Industries from a "sell" rating to a "hold" rating in a report on Saturday, May 31st. UBS Group lowered shares of Lsb Industries from a "buy" rating to a "neutral" rating and set a $9.25 price objective for the company. in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $9.75.

Lsb Industries Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.