The Manufacturers Life Insurance Company Lowers Stock Position in LSB Industries, Inc. (NYSE:LXU)

The Manufacturers Life Insurance Company lessened its holdings in LSB Industries, Inc. (NYSE:LXU) by 75.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,845 shares of the conglomerate’s stock after selling 65,086 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in LSB Industries were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in LSB Industries by 157.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate’s stock valued at $28,000 after purchasing an additional 2,230 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in LSB Industries by 48.6% in the 4th quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate’s stock valued at $63,000 after purchasing an additional 2,700 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in LSB Industries in the 4th quarter valued at approximately $71,000. Fox Run Management L.L.C. purchased a new stake in LSB Industries in the 4th quarter valued at approximately $84,000. Finally, Proficio Capital Partners LLC purchased a new stake in LSB Industries in the 4th quarter valued at approximately $103,000. Hedge funds and other institutional investors own 73.67% of the company’s stock.

LSB Industries Price Performance

Shares of NYSE:LXU opened at $7.21 on Monday. The business’s 50 day simple moving average is $6.24 and its 200-day simple moving average is $7.55. The firm has a market capitalization of $517.88 million, a price-to-earnings ratio of -34.31, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. LSB Industries, Inc. has a 12 month low of $4.88 and a 12 month high of $10.40.

LSB Industries (NYSE:LXU) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. The company had revenue of $143.43 million for the quarter, compared to analyst estimates of $139.79 million. As a group, equities analysts forecast that LSB Industries, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LXU shares. Piper Sandler set a $10.00 price target on LSB Industries in a research note on Thursday, March 27th. StockNews.com lowered LSB Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, March 12th. Finally, UBS Group decreased their price target on LSB Industries from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, LSB Industries has an average rating of “Moderate Buy” and an average target price of $9.75.

LSB Industries Company Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.