Brandywine Global Investment Management LLC Makes New Investment in Lsb Industries Inc. $LXU

Brandywine Global Investment Management LLC acquired a new stake in shares of Lsb Industries Inc. (NYSE:LXU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 309,280 shares of the conglomerate’s stock, valued at approximately $2,412,000. Brandywine Global Investment Management LLC owned about 0.43% of Lsb Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lsb Industries by 20.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 572,409 shares of the conglomerate’s stock valued at $3,772,000 after purchasing an additional 98,810 shares during the last quarter. CenterBook Partners LP lifted its stake in Lsb Industries by 264.4% during the first quarter. CenterBook Partners LP now owns 629,845 shares of the conglomerate’s stock valued at $4,151,000 after buying an additional 457,009 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Lsb Industries in the first quarter worth about $69,000. Nuveen LLC purchased a new position in shares of Lsb Industries in the first quarter worth approximately $1,226,000. Finally, HighTower Advisors LLC raised its holdings in shares of Lsb Industries by 24.7% during the first quarter. HighTower Advisors LLC now owns 255,242 shares of the conglomerate’s stock valued at $1,682,000 after acquiring an additional 50,525 shares during the period. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Lsb Industries Stock Performance

Shares of NYSE LXU opened at $8.71 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.64 and a quick ratio of 2.39. Lsb Industries Inc. has a one year low of $4.88 and a one year high of $9.98. The business’s 50-day moving average price is $8.67 and its two-hundred day moving average price is $8.21. The company has a market capitalization of $626.42 million, a P/E ratio of -870.70 and a beta of 0.82.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $155.43 million during the quarter, compared to analyst estimates of $138.30 million. Lsb Industries had a positive return on equity of 2.72% and a negative net margin of 0.11%. Analysts anticipate that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on LXU shares. Wall Street Zen raised shares of Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group restated a “neutral” rating and issued a $9.50 target price (up previously from $9.25) on shares of Lsb Industries in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a research report on Wednesday, November 19th. Finally, Royal Bank Of Canada upped their price target on Lsb Industries from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.83.

Lsb Industries 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.