586,531 Shares in LSB Industries, Inc. (NYSE:LXU) Acquired by Cerity Partners LLC

Cerity Partners LLC bought a new position in shares of LSB Industries, Inc. (NYSE:LXU) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 586,531 shares of the conglomerate’s stock, valued at approximately $5,461,000. Cerity Partners LLC owned 0.79% of LSB Industries as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in LSB Industries during the 4th quarter worth approximately $32,000. Gyon Technologies Capital Management LP purchased a new stake in shares of LSB Industries in the 4th quarter valued at approximately $48,000. Royal Bank of Canada purchased a new stake in shares of LSB Industries in the 1st quarter valued at approximately $93,000. Tower Research Capital LLC TRC increased its position in shares of LSB Industries by 488.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,493 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 3,730 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY increased its position in shares of LSB Industries by 136.3% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 4,575 shares of the conglomerate’s stock valued at $61,000 after purchasing an additional 2,639 shares during the last quarter. 73.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LXU shares. UBS Group dropped their price objective on shares of LSB Industries from $9.00 to $7.75 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Piper Sandler downgraded shares of LSB Industries from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $11.50 to $8.00 in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.55.

LSB Industries Trading Down 1.0 %

Shares of LSB Industries stock opened at $8.02 on Wednesday. The company has a fifty day simple moving average of $7.90 and a 200-day simple moving average of $8.51. LSB Industries, Inc. has a 12-month low of $6.74 and a 12-month high of $11.69. The company has a current ratio of 3.68, a quick ratio of 3.45 and a debt-to-equity ratio of 1.11. The stock has a market cap of $585.10 million, a price-to-earnings ratio of 21.66 and a beta of 1.10.

LSB Industries (NYSE:LXU) last issued its earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.13). LSB Industries had a net margin of 4.70% and a return on equity of 4.91%. The company had revenue of $132.61 million during the quarter, compared to analyst estimates of $127.62 million. On average, equities analysts forecast that LSB Industries, Inc. will post 0.38 EPS for the current fiscal year.

Insider Activity

In other news, EVP John Burns sold 33,243 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $8.25, for a total value of $274,254.75. Following the completion of the transaction, the executive vice president now owns 164,529 shares in the company, valued at approximately $1,357,364.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.60% of the company’s stock.

About LSB Industries

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.