American Century Companies Inc. Purchases 109,944 Shares of Lsb Industries Inc. $LXU

American Century Companies Inc. lifted its holdings in Lsb Industries Inc. (NYSE:LXU) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,990,812 shares of the conglomerate’s stock after acquiring an additional 109,944 shares during the period. American Century Companies Inc. owned approximately 2.77% of Lsb Industries worth $15,688,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brandywine Global Investment Management LLC bought a new position in Lsb Industries during the second quarter worth $2,412,000. Arrowstreet Capital Limited Partnership bought a new stake in Lsb Industries in the second quarter valued at $1,694,000. JPMorgan Chase & Co. raised its holdings in shares of Lsb Industries by 104.8% during the third quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock valued at $2,881,000 after purchasing an additional 187,108 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Lsb Industries by 31.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 467,113 shares of the conglomerate’s stock worth $3,643,000 after purchasing an additional 110,889 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Lsb Industries during the 1st quarter worth about $697,000. 73.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Barry H. Golsen sold 118,953 shares of Lsb Industries stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $9.19, for a total transaction of $1,093,178.07. Following the transaction, the director owned 96,773 shares of the company’s stock, valued at $889,343.87. The trade was a 55.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kristy Carver sold 19,550 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total value of $195,304.50. Following the sale, the senior vice president owned 52,613 shares of the company’s stock, valued at $525,603.87. This trade represents a 27.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 471,501 shares of company stock worth $4,493,971 in the last 90 days. Corporate insiders own 4.70% of the company’s stock.

Lsb Industries Trading Down 2.6%

LXU opened at $12.70 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.78 and a quick ratio of 2.61. Lsb Industries Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $14.65. The firm has a market capitalization of $912.28 million, a PE ratio of 37.35 and a beta of 0.66. The company’s 50-day moving average is $10.09 and its 200 day moving average is $9.15.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $165.05 million for the quarter, compared to analysts’ expectations of $153.88 million. Lsb Industries had a net margin of 4.00% and a return on equity of 4.90%. As a group, research analysts predict that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

LXU has been the subject of a number of research analyst reports. Weiss Ratings raised Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Wall Street Zen lowered Lsb Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday. UBS Group reissued a “neutral” rating and issued a $9.75 price objective (up from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Royal Bank Of Canada boosted their price objective on Lsb Industries from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Zacks Research lowered Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.92.

Lsb Industries Company 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.