Man Group plc Invests $2.93 Million in Lsb Industries Inc. $LXU

Man Group plc acquired a new stake in Lsb Industries Inc. (NYSE:LXU) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 270,918 shares of the conglomerate’s stock, valued at approximately $2,929,000.

Other large investors also recently modified their holdings of the company. Jupiter Topco LLC bought a new position in Lsb Industries during the second quarter worth $228,000. PDT Partners LLC bought a new stake in Lsb Industries during the second quarter valued at $145,000. Canada Pension Plan Investment Board acquired a new stake in Lsb Industries during the 2nd quarter worth about $771,000. Legal & General Group Plc acquired a new stake in Lsb Industries during the 2nd quarter worth about $414,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Lsb Industries during the 2nd quarter worth about $176,000. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Lsb Industries news, Director Lynn F. White sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total value of $472,000.00. Following the completion of the sale, the director owned 202,489 shares of the company’s stock, valued at approximately $2,389,370.20. This trade represents a 16.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kristy Carver sold 9,554 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.38, for a total value of $118,278.52. Following the completion of the sale, the senior vice president directly owned 47,452 shares of the company’s stock, valued at $587,455.76. This trade represents a 16.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.00% of the company’s stock.

Lsb Industries Trading Up 2.3%

NYSE:LXU opened at $10.63 on Tuesday. Lsb Industries Inc. has a 12 month low of $7.71 and a 12 month high of $17.22. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $765.36 million, a price-to-earnings ratio of 21.26 and a beta of 0.30. The firm has a fifty day simple moving average of $10.75 and a two-hundred day simple moving average of $12.40.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.42). The company had revenue of $168.09 million for the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. Analysts expect that Lsb Industries Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LXU. Wall Street Zen downgraded Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. UBS Group set a $16.00 target price on Lsb Industries and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Weiss Ratings downgraded Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada raised Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Monday, August 10th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.67.

About Lsb Industries

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.