Hillsdale Investment Management Inc. Takes $4.42 Million Position in Lsb Industries Inc. $LXU

Hillsdale Investment Management Inc. purchased a new position in Lsb Industries Inc. (NYSE:LXU) in the first quarter, Holdings Channel reports. The fund purchased 296,380 shares of the conglomerate’s stock, valued at approximately $4,416,000.

Several other institutional investors have also made changes to their positions in LXU. Fifth Third Bancorp purchased a new position in Lsb Industries during the first quarter valued at approximately $441,000. Y Intercept Hong Kong Ltd lifted its position in Lsb Industries by 38.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 66,289 shares of the conglomerate’s stock worth $988,000 after buying an additional 18,526 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Lsb Industries during the 1st quarter valued at $172,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Lsb Industries during the 4th quarter valued at $97,000. Finally, Empowered Funds LLC grew its holdings in shares of Lsb Industries by 27.8% during the 4th quarter. Empowered Funds LLC now owns 313,048 shares of the conglomerate’s stock valued at $2,661,000 after acquiring an additional 68,178 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LXU shares. Wall Street Zen downgraded shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Royal Bank Of Canada reissued a “sector perform” rating and set a $15.00 price objective (up from $14.00) on shares of Lsb Industries in a research report on Monday, May 11th. Weiss Ratings raised Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Finally, UBS Group set a $16.00 target price on Lsb Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.33.

Insiders Place Their Bets

In related news, SVP Kristy Carver sold 9,554 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.38, for a total transaction 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 approximately $587,455.76. This represents a 16.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn F. White sold 40,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total transaction of $472,000.00. Following the sale, the director directly owned 202,489 shares of the company’s stock, valued at approximately $2,389,370.20. This represents a 16.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is currently owned by insiders.

Lsb Industries Stock Down 0.7%

Shares of LXU stock opened at $11.18 on Wednesday. The stock’s 50 day simple moving average is $12.28 and its 200 day simple moving average is $12.07. Lsb Industries Inc. has a twelve month low of $7.09 and a twelve month high of $17.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.85 and a current ratio of 3.07. The company has a market capitalization of $804.29 million, a price-to-earnings ratio of 17.75 and a beta of 0.34.

Lsb Industries (NYSE:LXU) last announced its earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.14. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%.The firm had revenue of $169.49 million during the quarter, compared to analysts’ expectations of $166.19 million. As a group, research analysts predict that Lsb Industries Inc. will post 0.53 EPS for the current year.

Lsb Industries 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.