Lsb Industries Inc. (LXU) Position Raised by Texas Permanent School Fund
Texas Permanent School Fund increased its stake in shares of Lsb Industries Inc. (NYSE:LXU) by 0.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 14,932 shares of the conglomerate’s stock after buying an additional 124 shares during the period. Texas Permanent School Fund owned 0.05% of Lsb Industries worth $154,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Gendell Jeffrey L boosted its position in shares of Lsb Industries by 22.2% in the first quarter. Gendell Jeffrey L now owns 2,563,380 shares of the conglomerate’s stock valued at $24,045,000 after buying an additional 465,138 shares during the period. FMR LLC acquired a new stake in Lsb Industries during the first quarter worth approximately $1,272,000. Russell Investments Group Ltd. boosted its stake in Lsb Industries by 22.3% in the second quarter. Russell Investments Group Ltd. now owns 647,280 shares of the conglomerate’s stock worth $6,686,000 after buying an additional 117,842 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Lsb Industries by 181.2% in the first quarter. Goldman Sachs Group Inc. now owns 149,077 shares of the conglomerate’s stock worth $1,398,000 after buying an additional 96,060 shares during the last quarter. Finally, Cortina Asset Management LLC boosted its stake in Lsb Industries by 14.4% in the first quarter. Cortina Asset Management LLC now owns 749,147 shares of the conglomerate’s stock worth $7,027,000 after buying an additional 94,126 shares during the last quarter. Institutional investors and hedge funds own 70.31% of the company’s stock.
Shares of Lsb Industries Inc. (LXU) opened at 6.10 on Thursday. Lsb Industries Inc. has a 1-year low of $4.52 and a 1-year high of $12.68. The stock’s 50 day moving average price is $8.15 and its 200-day moving average price is $9.02. The company has a market capitalization of $173.27 million, a PE ratio of 2.94 and a beta of 4.54.
Lsb Industries (NYSE:LXU) last posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by $0.26. The firm had revenue of $122.90 million for the quarter, compared to analysts’ expectations of $138.21 million. Lsb Industries had a net margin of 24.04% and a negative return on equity of 1.11%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.73) EPS. On average, equities analysts predict that Lsb Industries Inc. will post ($2.57) EPS for the current year.
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A number of research firms have recently commented on LXU. ValuEngine cut Lsb Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded 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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