The Manufacturers Life Insurance Company Decreases Stock Position in LSB Industries, Inc. (NYSE:LXU)

The Manufacturers Life Insurance Company cut its stake in LSB Industries, Inc. (NYSE:LXU) by 75.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,845 shares of the conglomerate’s stock after selling 65,086 shares during the period. The Manufacturers Life Insurance Company’s holdings in LSB Industries were worth $158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LXU. Barclays PLC raised its stake in LSB Industries by 1.7% in the fourth quarter. Barclays PLC now owns 90,783 shares of the conglomerate’s stock valued at $688,000 after buying an additional 1,510 shares in the last quarter. Kennedy Capital Management LLC raised its stake in LSB Industries by 1.1% in the fourth quarter. Kennedy Capital Management LLC now owns 162,269 shares of the conglomerate’s stock valued at $1,232,000 after buying an additional 1,691 shares in the last quarter. LPL Financial LLC raised its stake in LSB Industries by 2.9% in the fourth quarter. LPL Financial LLC now owns 70,100 shares of the conglomerate’s stock valued at $532,000 after buying an additional 1,960 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in LSB Industries by 157.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate’s stock valued at $28,000 after buying an additional 2,230 shares in the last quarter. Finally, Moors & Cabot Inc. raised its stake in LSB Industries by 5.8% in the fourth quarter. Moors & Cabot Inc. now owns 45,800 shares of the conglomerate’s stock valued at $348,000 after buying an additional 2,500 shares in the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

LSB Industries Stock Performance

NYSE LXU opened at $7.21 on Monday. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. LSB Industries, Inc. has a 52-week low of $4.88 and a 52-week high of $10.40. The business’s 50-day moving average price is $6.24 and its 200 day moving average price is $7.55. The firm has a market cap of $517.88 million, a P/E ratio of -34.31, a P/E/G ratio of 0.89 and a beta of 1.05.

LSB Industries (NYSE:LXU) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. The company had revenue of $143.43 million for the quarter, compared to analysts’ expectations of $139.79 million. On average, equities research analysts expect that LSB Industries, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com cut LSB Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, March 12th. Piper Sandler set a $10.00 target price on LSB Industries in a research report on Thursday, March 27th. Finally, UBS Group cut their target price on LSB Industries from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, LSB Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.75.

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.