Gendell Jeffrey L Trims Position in LSB Industries, Inc. (NYSE:LXU)

Gendell Jeffrey L cut its position in shares of LSB Industries, Inc. (NYSE:LXU) by 11.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,064,984 shares of the conglomerate’s stock after selling 271,788 shares during the period. LSB Industries makes up about 2.0% of Gendell Jeffrey L’s portfolio, making the stock its 7th biggest holding. Gendell Jeffrey L’s holdings in LSB Industries were worth $21,331,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. XTX Topco Ltd boosted its position in shares of LSB Industries by 153.3% during the 1st quarter. XTX Topco Ltd now owns 55,050 shares of the conglomerate’s stock valued at $569,000 after acquiring an additional 33,319 shares during the last quarter. Renaissance Technologies LLC lifted its position in LSB Industries by 4.0% during the first quarter. Renaissance Technologies LLC now owns 1,368,889 shares of the conglomerate’s stock valued at $14,141,000 after purchasing an additional 53,000 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of LSB Industries by 11.4% in the 1st quarter. Systematic Financial Management LP now owns 1,271,335 shares of the conglomerate’s stock worth $13,133,000 after buying an additional 129,780 shares in the last quarter. Robotti Robert increased its holdings in shares of LSB Industries by 26.1% in the 1st quarter. Robotti Robert now owns 2,419,368 shares of the conglomerate’s stock worth $24,992,000 after buying an additional 500,305 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of LSB Industries by 21.2% during the 1st quarter. Stifel Financial Corp now owns 23,750 shares of the conglomerate’s stock valued at $245,000 after buying an additional 4,150 shares in the last quarter. Institutional investors own 54.22% of the company’s stock.

LSB Industries Price Performance

Shares of LXU stock opened at $10.53 on Friday. The stock has a 50 day moving average price of $10.39 and a 200 day moving average price of $10.33. LSB Industries, Inc. has a 52-week low of $8.15 and a 52-week high of $18.47. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.34 and a current ratio of 4.57. The firm has a market capitalization of $782.80 million, a P/E ratio of 7.52 and a beta of 1.46.

LSB Industries (NYSE:LXU) last released its earnings results on Wednesday, July 26th. The conglomerate reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $165.85 million for the quarter, compared to the consensus estimate of $146.45 million. LSB Industries had a return on equity of 20.78% and a net margin of 14.28%. As a group, sell-side analysts predict that LSB Industries, Inc. will post 0.41 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on LXU shares. Deutsche Bank Aktiengesellschaft dropped their price target on LSB Industries from $16.00 to $13.00 in a research report on Wednesday, May 17th. TheStreet raised LSB Industries from a “c” rating to a “b-” rating in a research report on Wednesday, July 26th. StockNews.com initiated coverage on LSB Industries in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus dropped their price objective on shares of LSB Industries from $16.00 to $15.00 in a research note on Friday, June 30th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, LSB Industries presently has an average rating of “Moderate Buy” and a consensus price target of $13.86.

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 ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.