Krilogy Financial LLC Lowers Stock Position in Lsb Industries Inc. $LXU

Krilogy Financial LLC decreased its holdings in shares of Lsb Industries Inc. (NYSE:LXU) by 42.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 178,343 shares of the conglomerate’s stock after selling 130,000 shares during the period. Krilogy Financial LLC’s holdings in Lsb Industries were worth $2,673,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LXU. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Lsb Industries in the 4th quarter valued at approximately $97,000. Empowered Funds LLC grew its holdings in Lsb Industries by 27.8% during the fourth quarter. Empowered Funds LLC now owns 313,048 shares of the conglomerate’s stock worth $2,661,000 after acquiring an additional 68,178 shares during the period. VARCOV Co. purchased a new position in Lsb Industries in the fourth quarter worth $184,000. Tudor Investment Corp ET AL raised its position in Lsb Industries by 581.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 342,894 shares of the conglomerate’s stock worth $2,915,000 after acquiring an additional 292,599 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in Lsb Industries in the fourth quarter valued at $167,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LXU shares. Wall Street Zen raised shares of Lsb Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 14th. Jefferies Financial Group raised their price objective on shares of Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $15.00 target price (up from $14.00) on shares of Lsb Industries in a research report on Monday, May 11th. Finally, UBS Group set a $16.00 price target on shares of Lsb Industries and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.33.

Lsb Industries Stock Down 3.5%

Lsb Industries stock opened at $10.66 on Thursday. Lsb Industries Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $17.22. The firm has a market capitalization of $767.24 million, a price-to-earnings ratio of 16.93 and a beta of 0.31. The stock’s fifty day moving average is $13.31 and its two-hundred day moving average is $11.86. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.85 and a current ratio of 3.07.

Lsb Industries (NYSE:LXU) last released its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.14. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%.The business had revenue of $169.49 million during the quarter, compared to the consensus estimate of $166.19 million. Analysts predict that Lsb Industries Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity

In other Lsb Industries news, SVP Kristy Carver sold 9,554 shares of Lsb Industries stock in a transaction dated 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 in the company, valued at approximately $587,455.76. The trade was a 16.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $472,000.00. Following the transaction, the director owned 202,489 shares of the company’s stock, valued at approximately $2,389,370.20. The trade was a 16.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.00% of the company’s stock.

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.