Robotti Robert Buys Shares of 2,119,699 Lsb Industries Inc. $LXU

Key Points

• Robotti Robert bought 2.12 million shares of LSB Industries, valued at approximately $22.9 million, making LXU its fourth-largest holding and representing about 2.94% of the company.
• Institutional investors own 73.67% of LXU, while analyst sentiment remains cautious: the stock carries a consensus “Hold” rating with an average price target of $14.67.
• LXU shares opened at $10.27 after declining 2.2%; LSB Industries recently reported a quarterly loss of $0.09 per share, missing estimates by $0.42, despite revenue exceeding forecasts.

Robotti Robert purchased a new position in shares of Lsb Industries Inc. (NYSE:LXU - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,119,699 shares of the conglomerate's stock, valued at approximately $22,914,000. Lsb Industries accounts for about 3.7% of Robotti Robert's investment portfolio, making the stock its 4th largest holding. Robotti Robert owned about 2.94% of Lsb Industries as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LXU. Royal Bank of Canada grew its holdings in shares of Lsb Industries by 7.4% in the first quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate's stock valued at $257,000 after purchasing an additional 2,692 shares in the last quarter. Empowered Funds LLC purchased a new position in Lsb Industries in the 1st quarter valued at approximately $697,000. JPMorgan Chase & Co. grew its stake in shares of Lsb Industries by 22.3% in the second quarter. JPMorgan Chase & Co. now owns 178,493 shares of the conglomerate's stock worth $1,392,000 after acquiring an additional 32,516 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Lsb Industries by 1.8% in the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate's stock worth $700,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Lsb Industries during the second quarter worth $1,694,000. Institutional investors and hedge funds own 73.67% of the company's stock.

Analyst Upgrades and Downgrades

LXU has been the subject of a number of recent research reports. Weiss Ratings lowered Lsb Industries from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Wall Street Zen cut Lsb Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. UBS Group set a $16.00 price target on Lsb Industries and gave the stock a "neutral" rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada raised Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price target on the stock in a research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $14.67.

Insider Buying and Selling at Lsb Industries

In other Lsb Industries news, SVP Kristy Carver sold 9,554 shares of the firm's 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 sale, the senior vice president directly owned 47,452 shares in the company, valued at $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn F. White sold 40,000 shares of Lsb Industries stock in a transaction dated 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 directly owned 202,489 shares of the company's stock, valued at $2,389,370.20. This trade represents a 16.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.00% of the company's stock.

Lsb Industries Trading Down 2.2%

Shares of NYSE:LXU opened at $10.27 on Wednesday. Lsb Industries Inc. has a 52 week low of $7.64 and a 52 week high of $17.22. The company's 50 day moving average is $10.94 and its two-hundred day moving average is $12.34. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. The company has a market cap of $739.08 million, a PE ratio of 20.53 and a beta of 0.30.

Lsb Industries (NYSE:LXU - Get Free Report) last announced 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). The firm had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. Equities analysts predict that Lsb Industries Inc. will post 0.53 earnings per share for the current fiscal year.

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.

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