Thrivent Financial for Lutherans Invests $1.03 Million in LSB Industries, Inc. (NYSE:LXU)

Thrivent Financial for Lutherans acquired a new stake in LSB Industries, Inc. (NYSE:LXU – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 77,276 shares of the conglomerate’s stock, valued at approximately $1,028,000. Thrivent Financial for Lutherans owned approximately 0.09% of LSB Industries at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI grew its stake in shares of LSB Industries by 260.7% in the fourth quarter. National Bank of Canada FI now owns 2,518 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 1,820 shares in the last quarter. Lansing Street Advisors purchased a new stake in LSB Industries during the 4th quarter worth about $38,000. Allspring Global Investments Holdings LLC acquired a new stake in LSB Industries in the 3rd quarter valued at about $52,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of LSB Industries in the 2nd quarter valued at about $64,000. Finally, Bourgeon Capital Management LLC acquired a new position in shares of LSB Industries during the fourth quarter worth about $80,000. Institutional investors and hedge funds own 81.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LXU. Stifel Nicolaus decreased their price target on shares of LSB Industries from $17.00 to $16.00 in a research note on Tuesday, May 16th. Deutsche Bank Aktiengesellschaft dropped their target price on LSB Industries from $16.00 to $13.00 in a report on Wednesday, May 17th. Piper Sandler downgraded LSB Industries from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $22.00 to $12.00 in a report on Thursday, May 11th. StockNews.com initiated coverage on LSB Industries in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, UBS Group decreased their target price on LSB Industries from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, February 23rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

LSB Industries Stock Up 2.0 %

Shares of NYSE LXU opened at $9.52 on Wednesday. The business has a 50-day moving average price of $9.60 and a 200 day moving average price of $11.99. The stock has a market cap of $724.76 million, a PE ratio of 4.29 and a beta of 1.51. The company has a quick ratio of 4.21, a current ratio of 4.44 and a debt-to-equity ratio of 1.32. LSB Industries, Inc. has a 52-week low of $8.15 and a 52-week high of $22.23.

LSB Industries (NYSE:LXU – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The conglomerate reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.16. The company had revenue of $233.65 million during the quarter, compared to analysts’ expectations of $251.40 million. LSB Industries had a return on equity of 35.95% and a net margin of 21.22%. Equities research analysts forecast that LSB Industries, Inc. will post 1.46 earnings per share for the current year.

LSB Industries Company Profile

(Get Rating)

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).