LSB Industries, Inc. (NYSE:LXU) Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its holdings in shares of LSB Industries, Inc. (NYSE:LXU) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,491 shares of the conglomerate’s stock after buying an additional 11,643 shares during the quarter. Wedge Capital Management L L P NC’s holdings in LSB Industries were worth $479,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LXU. Strs Ohio raised its stake in shares of LSB Industries by 79.3% during the 4th quarter. Strs Ohio now owns 5,200 shares of the conglomerate’s stock worth $48,000 after buying an additional 2,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in LSB Industries by 154.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,657 shares of the conglomerate’s stock valued at $109,000 after purchasing an additional 7,074 shares during the last quarter. Teza Capital Management LLC acquired a new position in LSB Industries in the 3rd quarter valued at $119,000. Arizona State Retirement System raised its stake in LSB Industries by 9.2% in the 3rd quarter. Arizona State Retirement System now owns 15,173 shares of the conglomerate’s stock valued at $155,000 after purchasing an additional 1,274 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in LSB Industries by 11.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,240 shares of the conglomerate’s stock valued at $187,000 after purchasing an additional 1,849 shares during the last quarter. 73.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on LXU shares. Piper Sandler downgraded LSB Industries from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $11.50 to $8.00 in a research note on Thursday, February 29th. UBS Group reduced their price objective on LSB Industries from $9.00 to $7.75 and set a “neutral” rating for the company in a research note on Wednesday, March 6th.

LSB Industries Stock Up 1.0 %

Shares of LXU opened at $8.21 on Friday. LSB Industries, Inc. has a 52-week low of $6.74 and a 52-week high of $11.69. The company has a market capitalization of $599.33 million, a PE ratio of 22.19 and a beta of 1.10. The stock has a fifty day simple moving average of $7.94 and a two-hundred day simple moving average of $8.44. The company has a quick ratio of 3.45, a current ratio of 3.68 and a debt-to-equity ratio of 1.11.

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 analysts’ consensus estimates of $0.08 by ($0.13). LSB Industries had a return on equity of 4.91% and a net margin of 4.70%. The company had revenue of $132.61 million during the quarter, compared to analyst estimates of $127.62 million. As a group, equities analysts forecast that LSB Industries, Inc. will post 0.27 EPS for the current year.

Insiders Place Their Bets

In other LSB Industries news, EVP John Burns sold 33,243 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $8.25, for a total value of $274,254.75. Following the completion of the sale, the executive vice president now directly owns 164,529 shares of the company’s stock, valued at approximately $1,357,364.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.70% of the company’s stock.

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.