Royce & Associates LP Sells 49,580 Shares of Lsb Industries Inc. $LXU

Royce & Associates LP lessened its stake in shares of Lsb Industries Inc. (NYSE:LXU) by 21.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,067 shares of the conglomerate’s stock after selling 49,580 shares during the period. Royce & Associates LP’s holdings in Lsb Industries were worth $1,427,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in shares of Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after buying an additional 2,856 shares during the last quarter. PDT Partners LLC acquired a new position in Lsb Industries during the 2nd quarter worth $105,000. Oxford Asset Management LLP bought a new stake in Lsb Industries during the second quarter valued at about $123,000. First Bank & Trust grew its position in shares of Lsb Industries by 13.4% in the third quarter. First Bank & Trust now owns 16,239 shares of the conglomerate’s stock valued at $128,000 after purchasing an additional 1,922 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Lsb Industries by 381.7% in the second quarter. BNP Paribas Financial Markets now owns 18,005 shares of the conglomerate’s stock worth $140,000 after purchasing an additional 14,267 shares during the period. Institutional investors own 73.67% of the company’s stock.

Lsb Industries Trading Down 3.7%

Shares of Lsb Industries stock opened at $13.44 on Friday. Lsb Industries Inc. has a 12-month low of $4.88 and a 12-month high of $14.65. The stock has a market capitalization of $965.66 million, a P/E ratio of 39.53 and a beta of 0.66. The company has a 50-day simple moving average of $9.92 and a 200 day simple moving average of $9.06. The company has a quick ratio of 2.61, a current ratio of 2.78 and a debt-to-equity ratio of 0.85.

Lsb Industries (NYSE:LXU) last released its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $165.05 million for the quarter, compared to analyst estimates of $153.88 million. Lsb Industries had a net margin of 4.00% and a return on equity of 4.90%. Research analysts expect that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings upgraded shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday. Wall Street Zen upgraded shares of Lsb Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Zacks Research downgraded shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Royal Bank Of Canada upped their price objective on shares of Lsb Industries from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Finally, UBS Group restated a “neutral” rating and set a $9.75 price target (up from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Lsb Industries presently has an average rating of “Hold” and a consensus target price of $10.92.

Insider Buying and Selling

In other news, Director Barry H. Golsen sold 118,953 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $9.19, for a total value of $1,093,178.07. Following the transaction, the director directly owned 96,773 shares of the company’s stock, valued at $889,343.87. The trade was a 55.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kristy Carver sold 19,550 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total value of $195,304.50. Following the sale, the senior vice president owned 52,613 shares in the company, valued at approximately $525,603.87. This trade represents a 27.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 471,501 shares of company stock valued at $4,493,971 in the last quarter. 4.30% of the stock is currently owned by corporate insiders.

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.