The Manufacturers Life Insurance Company Decreases Stock Holdings in LSB Industries, Inc. (NYSE:LXU)

The Manufacturers Life Insurance Company lowered its position in shares of LSB Industries, Inc. (NYSE:LXU - Free Report) by 75.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,845 shares of the conglomerate's stock after selling 65,086 shares during the quarter. The Manufacturers Life Insurance Company's holdings in LSB Industries were worth $158,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Royce & Associates LP increased its holdings in LSB Industries by 26.7% during the fourth quarter. Royce & Associates LP now owns 231,067 shares of the conglomerate's stock valued at $1,754,000 after buying an additional 48,641 shares during the last quarter. American Century Companies Inc. increased its holdings in LSB Industries by 11.7% in the 4th quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate's stock valued at $12,304,000 after acquiring an additional 169,275 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of LSB Industries by 5.3% in the fourth quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate's stock worth $13,361,000 after buying an additional 88,506 shares in the last quarter. Ausbil Investment Management Ltd bought a new position in shares of LSB Industries during the 4th quarter valued at approximately $313,000. Finally, Barclays PLC lifted its position in LSB Industries by 1.7% during the fourth quarter. Barclays PLC now owns 90,783 shares of the conglomerate's stock valued at $688,000 after purchasing an additional 1,510 shares during the last quarter. Institutional investors own 73.67% of the company's stock.

LSB Industries Stock Down 0.3%

LXU stock traded down $0.02 during trading on Friday, reaching $7.32. 586,570 shares of the company traded hands, compared to its average volume of 372,089. The business has a 50 day simple moving average of $6.25 and a 200 day simple moving average of $7.51. LSB Industries, Inc. has a 12 month low of $4.88 and a 12 month high of $10.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. The company has a market capitalization of $526.15 million, a price-to-earnings ratio of -34.86, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05.

LSB Industries (NYSE:LXU - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). LSB Industries had a negative net margin of 2.99% and a positive return on equity of 0.98%. The firm had revenue of $143.43 million for the quarter, compared to analysts' expectations of $139.79 million. On average, equities research analysts anticipate that LSB Industries, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LXU shares. UBS Group cut their price target on shares of LSB Industries from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen cut LSB Industries from a "hold" rating to a "sell" rating in a research note on Wednesday, March 12th. Finally, Piper Sandler set a $10.00 price target on LSB Industries in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, LSB Industries has an average rating of "Moderate Buy" and an average price target 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.