Prudential Financial Inc. raised its stake in Lsb Industries Inc. (NYSE:LXU) by 2.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 34,978 shares of the conglomerate’s stock after buying an additional 700 shares during the period. Prudential Financial Inc. owned about 0.12% of Lsb Industries worth $328,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Texas Permanent School Fund boosted its stake in shares of Lsb Industries by 1.0% in the first quarter. Texas Permanent School Fund now owns 14,808 shares of the conglomerate’s stock valued at $139,000 after buying an additional 150 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of Lsb Industries by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 18,334 shares of the conglomerate’s stock valued at $172,000 after buying an additional 2,767 shares during the period. Comerica Bank boosted its stake in shares of Lsb Industries by 5.1% in the first quarter. Comerica Bank now owns 22,464 shares of the conglomerate’s stock valued at $224,000 after buying an additional 1,090 shares during the period. Independent Advisor Alliance acquired a new stake in shares of Lsb Industries during the first quarter valued at $297,000. Finally, Monarch Partners Asset Management LLC boosted its stake in shares of Lsb Industries by 53.2% in the first quarter. Monarch Partners Asset Management LLC now owns 34,410 shares of the conglomerate’s stock valued at $323,000 after buying an additional 11,950 shares during the period. Institutional investors and hedge funds own 69.59% of the company’s stock.
Shares of Lsb Industries Inc. (NYSE LXU) opened at 10.84 on Tuesday. The firm has a market cap of $307.91 million, a PE ratio of 3.78 and a beta of 4.60. Lsb Industries Inc. has a 52 week low of $4.52 and a 52 week high of $13.85. The firm has a 50-day moving average of $9.67 and a 200 day moving average of $9.05.
Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Monday, April 24th. The conglomerate reported ($0.48) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.13. The business had revenue of $123.30 million for the quarter, compared to analysts’ expectations of $122.24 million. Lsb Industries had a net margin of 30.36% and a negative return on equity of 3.66%. Lsb Industries’s revenue for the quarter was down 25.5% compared to the same quarter last year. During the same period last year, the company earned ($0.47) earnings per share. Equities research analysts predict that Lsb Industries Inc. will post ($2.17) EPS for the current fiscal year.
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Several brokerages have weighed in on LXU. ValuEngine upgraded shares of Lsb Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded shares of Lsb Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th.
About Lsb Industries
LSB Industries, Inc is a holding company. The Company, through its subsidiaries, is engaged in the manufacture and sale of chemical products. The Company operates through chemical business segment. It is a manufacturer and distributor of nitrogen fertilizer and other nitrogen products in North America.
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