Millennium Management LLC Acquires 171,176 Shares of LSB Industries, Inc. (NYSE:LXU)

Millennium Management LLC lifted its stake in LSB Industries, Inc. (NYSE:LXU - Free Report) by 220.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 248,653 shares of the conglomerate's stock after buying an additional 171,176 shares during the period. Millennium Management LLC owned approximately 0.35% of LSB Industries worth $1,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in LXU. Vanguard Group Inc. raised its position in LSB Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,089,060 shares of the conglomerate's stock valued at $23,446,000 after purchasing an additional 12,345 shares in the last quarter. First Eagle Investment Management LLC raised its position in LSB Industries by 5.3% during the fourth quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate's stock valued at $13,361,000 after purchasing an additional 88,506 shares in the last quarter. American Century Companies Inc. raised its position in LSB Industries by 11.7% during the fourth quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate's stock valued at $12,304,000 after purchasing an additional 169,275 shares in the last quarter. Geode Capital Management LLC raised its position in LSB Industries by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,218,218 shares of the conglomerate's stock valued at $9,249,000 after purchasing an additional 7,496 shares in the last quarter. Finally, Northern Trust Corp raised its position in LSB Industries by 4.9% during the fourth quarter. Northern Trust Corp now owns 485,269 shares of the conglomerate's stock valued at $3,683,000 after purchasing an additional 22,874 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors.

LSB Industries Price Performance

Shares of NYSE:LXU traded down $0.07 during trading on Friday, hitting $7.69. 352,044 shares of the company were exchanged, compared to its average volume of 380,997. The business's 50 day moving average is $6.41 and its 200-day moving average is $7.44. The company has a market capitalization of $552.38 million, a P/E ratio of -36.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.23. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. LSB Industries, Inc. has a 1-year low of $4.88 and a 1-year high of $10.40.

LSB Industries (NYSE:LXU - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $143.43 million for the quarter, compared to analyst estimates of $139.79 million. LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. Equities analysts forecast that LSB Industries, Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on LXU. Wall Street Zen upgraded shares of LSB Industries from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st. Piper Sandler set a $10.00 price target on shares of LSB Industries in a report on Thursday, March 27th. Finally, UBS Group lowered their price target on shares of LSB Industries from $11.00 to $8.00 and set a "buy" rating for the company in a report on Wednesday, April 16th.

LSB Industries 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.