The Manufacturers Life Insurance Company Sells 65,086 Shares of 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 fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in LSB Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,089,060 shares of the conglomerate's stock valued at $23,446,000 after purchasing an additional 12,345 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of LSB Industries by 5.3% in the 4th quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate's stock valued at $13,361,000 after buying an additional 88,506 shares during the last quarter. American Century Companies Inc. grew its stake in shares of LSB Industries by 11.7% in the fourth quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate's stock valued at $12,304,000 after buying an additional 169,275 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of LSB Industries by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,218,218 shares of the conglomerate's stock valued at $9,249,000 after buying an additional 7,496 shares in the last quarter. Finally, 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 worth $1,754,000 after buying an additional 48,641 shares during the last quarter. 73.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LXU shares. Piper Sandler set a $10.00 price target on shares of LSB Industries in a research note on Thursday, March 27th. UBS Group cut their target price on shares of LSB Industries from $11.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Wall Street Zen downgraded LSB Industries from a "hold" rating to a "sell" rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $9.75.

LSB Industries Stock Performance

Shares of NYSE:LXU traded up $0.19 on Thursday, hitting $7.34. The company had a trading volume of 457,356 shares, compared to its average volume of 370,164. The stock has a market cap of $527.23 million, a price-to-earnings ratio of -34.93, a P/E/G ratio of 0.89 and a beta of 1.05. The stock has a 50 day moving average price of $6.25 and a 200 day moving average price of $7.53. LSB Industries, Inc. has a 1-year low of $4.88 and a 1-year high of $10.40. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95.

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

LSB Industries Company 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.