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 (SEC). 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 reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LXU. Cortina Asset Management LLC raised its position in 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. Arizona State Retirement System raised its position in Lsb Industries by 2.9% in the first quarter. Arizona State Retirement System now owns 10,620 shares of the conglomerate’s stock worth $100,000 after buying an additional 300 shares during the last quarter. SG Americas Securities LLC purchased a new position in Lsb Industries during the first quarter worth about $552,000. Prudential Financial Inc. raised its position in Lsb Industries by 2.0% in the first quarter. Prudential Financial Inc. now owns 34,978 shares of the conglomerate’s stock worth $328,000 after buying an additional 700 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new position in Lsb Industries during the first quarter worth about $297,000. 69.99% of the stock is currently owned by hedge funds and other institutional investors.
Lsb Industries Inc. (NYSE LXU) opened at 6.82 on Thursday. The firm has a market cap of $193.72 million, a price-to-earnings ratio of 3.29 and a beta of 4.55. The company has a 50 day moving average price of $10.14 and a 200-day moving average price of $9.28. Lsb Industries Inc. has a 52-week low of $4.52 and a 52-week high of $12.84.
Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Tuesday, July 25th. The conglomerate reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by $0.26. The company had revenue of $122.90 million during the quarter, compared to the consensus estimate of $138.21 million. Lsb Industries had a net margin of 24.04% and a negative return on equity of 1.11%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.73) EPS. Equities research analysts anticipate that Lsb Industries Inc. will post ($2.17) EPS for the current year.
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A number of research analysts recently issued reports on the company. ValuEngine lowered Lsb Industries from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research upgraded Lsb Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th.
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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