Robotti Robert Buys New Stake in Lsb Industries Inc. $LXU

Robotti Robert purchased a new position in shares of Lsb Industries Inc. (NYSE:LXU) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 2,119,699 shares of the conglomerate’s stock, valued at approximately $22,914,000. Lsb Industries comprises approximately 3.7% of Robotti Robert’s investment portfolio, making the stock its 4th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Lsb Industries in the fourth quarter valued at $29,000. Russell Investments Group Ltd. increased its position in shares of Lsb Industries by 2,900.0% during the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Lsb Industries during the third quarter worth about $42,000. Persistent Asset Partners Ltd purchased a new stake in shares of Lsb Industries in the 2nd quarter valued at about $47,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Lsb Industries by 90.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 2,856 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 Lsb Industries news, SVP Kristy Carver sold 9,554 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.38, for a total transaction of $118,278.52. Following the completion of the sale, the senior vice president directly owned 47,452 shares of the company’s stock, valued at approximately $587,455.76. This trade represents a 16.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynn F. White sold 40,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total value of $472,000.00. Following the sale, the director directly owned 202,489 shares of the company’s stock, valued at $2,389,370.20. The trade was a 16.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.00% of the stock is owned by corporate insiders.

Lsb Industries Price Performance

Shares of NYSE:LXU opened at $10.27 on Wednesday. Lsb Industries Inc. has a one year low of $7.64 and a one year high of $17.22. The stock has a market capitalization of $739.08 million, a price-to-earnings ratio of 20.53 and a beta of 0.30. The company has a 50-day simple moving average of $10.94 and a 200-day simple moving average of $12.34. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43.

Lsb Industries (NYSE:LXU) last released its quarterly earnings results 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 return on equity of 6.98% and a net margin of 5.58%.The company had revenue of $168.09 million for the quarter, compared to analysts’ expectations of $155.45 million. On average, analysts predict that Lsb Industries Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank Of Canada raised Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research report on Monday, August 10th. UBS Group set a $16.00 price objective on Lsb Industries and gave the company a “neutral” rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Lsb Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings cut shares of Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lsb Industries has a consensus rating of “Hold” and a consensus price target of $14.67.

About Lsb Industries

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.