Principal Financial Group Inc. Has $1.46 Million Stake in Lsb Industries Inc. (LXU)

Principal Financial Group Inc. boosted its position in Lsb Industries Inc. (NYSE:LXU) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,453 shares of the conglomerate’s stock after buying an additional 8,073 shares during the period. Principal Financial Group Inc. owned about 0.55% of Lsb Industries worth $1,458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eidelman Virant Capital increased its position in shares of Lsb Industries by 1.1% in the first quarter. Eidelman Virant Capital now owns 1,017,346 shares of the conglomerate’s stock worth $9,542,000 after buying an additional 10,600 shares during the last quarter. Cortina Asset Management LLC increased its position in shares of Lsb Industries by 14.4% in the first quarter. Cortina Asset Management LLC now owns 749,147 shares of the conglomerate’s stock worth $7,027,000 after buying an additional 94,126 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Lsb Industries by 1.1% in the first quarter. Ameriprise Financial Inc. now owns 469,024 shares of the conglomerate’s stock worth $4,400,000 after buying an additional 4,951 shares during the last quarter. State Street Corp increased its position in shares of Lsb Industries by 2.8% in the fourth quarter. State Street Corp now owns 411,352 shares of the conglomerate’s stock worth $3,463,000 after buying an additional 11,302 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Lsb Industries by 15.3% in the first quarter. Bank of New York Mellon Corp now owns 234,266 shares of the conglomerate’s stock worth $2,198,000 after buying an additional 31,121 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Lsb Industries Inc. (LXU) opened at 10.94 on Monday. The stock has a market cap of $310.75 million, a P/E ratio of 3.82 and a beta of 4.60. The stock has a 50 day moving average of $10.46 and a 200-day moving average of $9.27. Lsb Industries Inc. has a 12 month low of $4.52 and a 12 month high of $12.84.

Lsb Industries (NYSE:LXU) last issued its earnings results on Monday, April 24th. The conglomerate reported ($0.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.13. The firm had revenue of $123.30 million during the quarter, compared to analyst estimates of $122.24 million. Lsb Industries had a net margin of 30.36% and a negative return on equity of 3.66%. The firm’s revenue was down 25.5% compared to the same quarter last year. During the same period last year, the business earned ($0.47) EPS. On average, equities analysts forecast that Lsb Industries Inc. will post ($2.17) EPS for the current fiscal year.

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A number of research analysts have recently issued reports on LXU shares. ValuEngine raised shares of Lsb Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded shares of Lsb Industries from a “buy” rating to a “sell” rating in a research report on Monday, April 17th.

Lsb Industries Company Profile

LSB Industries, Inc is a holding company. The Company, through its subsidiaries, is engaged in the manufacture and sale of chemical products. The Company operates through chemical business segment. It is a manufacturer and distributor of nitrogen fertilizer and other nitrogen products in North America.

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