Renaissance Technologies LLC Boosts Stake in Lsb Industries Inc. $LXU

Renaissance Technologies LLC lifted its holdings in Lsb Industries Inc. (NYSE:LXU) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,792,506 shares of the conglomerate’s stock after buying an additional 46,613 shares during the period. Renaissance Technologies LLC owned approximately 2.49% of Lsb Industries worth $26,708,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kennedy Capital Management LLC increased its position in Lsb Industries by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 277,355 shares of the conglomerate’s stock worth $2,358,000 after buying an additional 1,210 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Lsb Industries by 1.8% during the 2nd quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock valued at $700,000 after buying an additional 1,616 shares during the last quarter. Millennium Management LLC grew its stake in shares of Lsb Industries by 8.5% during the 4th quarter. Millennium Management LLC now owns 21,573 shares of the conglomerate’s stock worth $183,000 after acquiring an additional 1,692 shares during the period. Orion Porfolio Solutions LLC grew its stake in shares of Lsb Industries by 21.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock worth $97,000 after acquiring an additional 2,148 shares during the period. Finally, Royal Bank of Canada increased its holdings in Lsb Industries by 7.4% in the 1st quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock worth $257,000 after acquiring an additional 2,692 shares during the last quarter. 73.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lsb Industries

In other news, Director Lynn F. White sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total value of $472,000.00. Following the completion of the sale, the director directly owned 202,489 shares of the company’s stock, valued at approximately $2,389,370.20. This trade represents a 16.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kristy Carver sold 9,554 shares of Lsb Industries stock in a transaction dated 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 in the company, valued at $587,455.76. The trade was a 16.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is currently owned by insiders.

Lsb Industries Stock Up 0.3%

Shares of LXU opened at $11.46 on Thursday. Lsb Industries Inc. has a 1 year low of $7.09 and a 1 year 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 stock has a 50 day simple moving average of $11.70 and a two-hundred day simple moving average of $12.29. The firm has a market cap of $824.50 million, a P/E ratio of 18.19 and a beta of 0.34.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42). Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. The company had revenue of $168.09 million for the quarter, compared to the consensus estimate of $155.45 million. On average, analysts forecast that Lsb Industries Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Royal Bank Of Canada reduced their price target on Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, July 17th. UBS Group set a $16.00 price objective on Lsb Industries and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lsb Industries in a report on Tuesday, July 21st. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Lsb Industries presently has an average rating of “Hold” and an average target price of $14.67.

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.