Systematic Financial Management LP Trims Stock Holdings in Lsb Industries Inc. $LXU

Systematic Financial Management LP reduced its stake in Lsb Industries Inc. (NYSE:LXU) by 7.4% during the 1st quarter, Holdings Channel reports. The fund owned 1,745,204 shares of the conglomerate’s stock after selling 139,996 shares during the period. Systematic Financial Management LP’s holdings in Lsb Industries were worth $26,004,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sei Investments Co. increased its position in Lsb Industries by 343.2% during the 1st quarter. Sei Investments Co. now owns 182,351 shares of the conglomerate’s stock worth $2,717,000 after purchasing an additional 141,208 shares in the last quarter. State of Wyoming lifted its holdings in Lsb Industries by 317.5% in the 1st quarter. State of Wyoming now owns 18,993 shares of the conglomerate’s stock valued at $283,000 after purchasing an additional 14,444 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in Lsb Industries in the 1st quarter valued at about $521,000. Dimensional Fund Advisors LP lifted its holdings in Lsb Industries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate’s stock valued at $36,241,000 after purchasing an additional 57,999 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Lsb Industries during the 1st quarter worth about $4,416,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Insider Buying and Selling

In other Lsb Industries news, Director Lynn F. White sold 40,000 shares of Lsb Industries stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total value of $472,000.00. Following the transaction, the director owned 202,489 shares in the company, valued at $2,389,370.20. This trade represents a 16.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kristy Carver sold 9,554 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.38, for a total transaction of $118,278.52. Following the sale, the senior vice president directly owned 47,452 shares of the company’s stock, valued at $587,455.76. This represents a 16.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. UBS Group set a $16.00 price objective on shares of Lsb Industries and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada cut their price target on Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, July 17th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Lsb Industries presently has a consensus rating of “Hold” and an average price target of $14.67.

Lsb Industries Trading Up 3.3%

NYSE LXU opened at $12.23 on Friday. The company has a market cap of $879.68 million, a P/E ratio of 19.41 and a beta of 0.34. Lsb Industries Inc. has a 12 month low of $7.09 and a 12 month high of $17.22. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.07 and a quick ratio of 2.85. The company has a 50-day moving average of $11.87 and a 200-day moving average of $12.21.

Lsb Industries (NYSE:LXU) last released its 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 net margin of 7.16% and a return on equity of 8.91%. The business had revenue of $169.49 million for the quarter, compared to analysts’ expectations of $166.19 million. As a group, equities analysts predict that Lsb Industries Inc. will post 0.53 earnings per share for the current year.

Lsb Industries 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.