Sowell Financial Services LLC Has $660,000 Stake in LSB Industries, Inc. (NYSE:LXU)

Sowell Financial Services LLC raised its position in LSB Industries, Inc. (NYSE:LXU) by 101.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 70,914 shares of the conglomerate’s stock after purchasing an additional 35,679 shares during the period. Sowell Financial Services LLC owned 0.10% of LSB Industries worth $660,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of LSB Industries by 805.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,038,689 shares of the conglomerate’s stock valued at $9,670,000 after acquiring an additional 923,922 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of LSB Industries by 19.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 42,566 shares of the conglomerate’s stock valued at $396,000 after acquiring an additional 6,859 shares during the period. Vanguard Group Inc. lifted its position in shares of LSB Industries by 7.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,477,262 shares of the conglomerate’s stock valued at $35,572,000 after acquiring an additional 238,294 shares during the period. American Century Companies Inc. lifted its position in shares of LSB Industries by 15.8% during the 3rd quarter. American Century Companies Inc. now owns 792,556 shares of the conglomerate’s stock valued at $8,108,000 after acquiring an additional 108,290 shares during the period. Finally, Diversified Trust Co acquired a new position in shares of LSB Industries during the 3rd quarter valued at $144,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Piper Sandler downgraded shares of LSB Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $11.50 to $8.00 in a research report on Thursday, February 29th. UBS Group lowered their price objective on shares of LSB Industries from $9.00 to $7.75 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $11.96.

LSB Industries Stock Performance

LXU opened at $8.51 on Tuesday. The company has a current ratio of 3.68, a quick ratio of 3.45 and a debt-to-equity ratio of 1.11. The company’s fifty day moving average price is $7.84 and its two-hundred day moving average price is $8.59. LSB Industries, Inc. has a 1-year low of $6.74 and a 1-year high of $11.69. The company has a market cap of $621.20 million, a price-to-earnings ratio of 23.00 and a beta of 1.10.

LSB Industries (NYSE:LXU) last posted its earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.13). LSB Industries had a return on equity of 4.91% and a net margin of 4.70%. The firm had revenue of $132.61 million during the quarter, compared to the consensus estimate of $127.62 million. On average, analysts expect that LSB Industries, Inc. will post 0.38 EPS for the current fiscal year.

Insider Transactions at LSB Industries

In other news, EVP John Burns sold 33,243 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $8.25, for a total value of $274,254.75. Following the completion of the sale, the executive vice president now owns 164,529 shares in the company, valued at approximately $1,357,364.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.60% of the company’s stock.

LSB Industries Company Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.