New York State Teachers Retirement System Buys Shares of 2,800 LSB Industries, Inc. (NYSE:LXU)

New York State Teachers Retirement System bought a new stake in LSB Industries, Inc. (NYSE:LXU – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,800 shares of the conglomerate’s stock, valued at approximately $40,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. raised its stake in shares of LSB Industries by 81.8% during the second quarter. Newbridge Financial Services Group Inc. now owns 4,379 shares of the conglomerate’s stock valued at $61,000 after acquiring an additional 1,970 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of LSB Industries by 5.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,457 shares of the conglomerate’s stock valued at $672,000 after acquiring an additional 2,352 shares during the last quarter. Independent Advisor Alliance raised its stake in shares of LSB Industries by 5.6% during the second quarter. Independent Advisor Alliance now owns 51,143 shares of the conglomerate’s stock valued at $709,000 after acquiring an additional 2,720 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of LSB Industries during the third quarter valued at $52,000. Finally, State Street Corp raised its stake in shares of LSB Industries by 3.7% during the first quarter. State Street Corp now owns 105,559 shares of the conglomerate’s stock valued at $2,305,000 after acquiring an additional 3,737 shares during the last quarter. Institutional investors and hedge funds own 81.20% of the company’s stock.

Insider Activity

In other news, major shareholder Lsb Funding Llc sold 15,977,500 shares of LSB Industries stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $12.99, for a total transaction of $207,547,725.00. Following the completion of the transaction, the insider now directly owns 1,672,500 shares in the company, valued at $21,725,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

LXU has been the subject of several analyst reports. Royal Bank of Canada assumed coverage on shares of LSB Industries in a research note on Thursday, November 17th. They set an “outperform” rating and a $20.00 price target for the company. Jefferies Financial Group assumed coverage on shares of LSB Industries in a research note on Wednesday, November 30th. They set a “buy” rating and a $20.00 target price for the company. StockNews.com downgraded shares of LSB Industries from a “buy” rating to a “hold” rating in a research note on Friday, January 6th. UBS Group lowered their target price on shares of LSB Industries from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, January 11th. Finally, The Goldman Sachs Group assumed coverage on shares of LSB Industries in a research note on Tuesday, October 25th. They set a “neutral” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, LSB Industries has an average rating of “Moderate Buy” and a consensus price target of $21.33.

LSB Industries Trading Up 0.9 %

LXU opened at $12.46 on Friday. LSB Industries, Inc. has a 1-year low of $9.06 and a 1-year high of $27.45. The company has a current ratio of 3.87, a quick ratio of 3.67 and a debt-to-equity ratio of 1.34. The company has a market cap of $1.02 billion, a P/E ratio of 5.42 and a beta of 1.65. The company has a fifty day moving average price of $13.68 and a two-hundred day moving average price of $14.37.

LSB Industries (NYSE:LXU – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The conglomerate reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The company had revenue of $184.27 million during the quarter, compared to the consensus estimate of $182.65 million. LSB Industries had a net margin of 24.07% and a return on equity of 44.12%. Analysts predict that LSB Industries, Inc. will post 2.94 EPS for the current fiscal year.

LSB Industries Profile

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LSB Industries, Inc engages in manufacturing, marketing, and sale of chemical products for the agricultural, mining, and industrial markets. It also own and operate facilities in El Dorado, Arkansas (El Dorado Facility), Cherokee, Alabama (Cherokee Facility), and Pryor, Oklahoma (Pryor Facility), as well as facility for Covestro AG (Covestro) in Baytown, Texas (Baytown Facility).