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

Cerity Partners LLC bought a new position in shares of LSB Industries, Inc. (NYSE:LXU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 586,531 shares of the conglomerate's stock, valued at approximately $5,461,000. Cerity Partners LLC owned about 0.79% of LSB Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of LSB Industries by 0.3% during the second quarter. Goldman Sachs Group Inc. now owns 403,904 shares of the conglomerate's stock worth $3,978,000 after purchasing an additional 1,208 shares during the last quarter. Arizona State Retirement System raised its position in shares of LSB Industries by 9.2% during the 3rd quarter. Arizona State Retirement System now owns 15,173 shares of the conglomerate's stock valued at $155,000 after acquiring an additional 1,274 shares in the last quarter. Bailard Inc. lifted its stake in LSB Industries by 4.1% during the third quarter. Bailard Inc. now owns 35,993 shares of the conglomerate's stock worth $368,000 after purchasing an additional 1,433 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in LSB Industries by 11.3% during the third quarter. Orion Portfolio Solutions LLC now owns 18,240 shares of the conglomerate's stock worth $187,000 after purchasing an additional 1,849 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in LSB Industries by 3.0% in the second quarter. Alliancebernstein L.P. now owns 75,589 shares of the conglomerate's stock worth $745,000 after purchasing an additional 2,189 shares during the period. Institutional investors and hedge funds own 73.67% of the company's stock.

Wall Street Analysts Forecast Growth

LXU has been the topic of a number of recent research reports. Piper Sandler downgraded shares of LSB Industries from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $11.50 to $8.00 in a research report on Thursday, February 29th. UBS Group cut their target price on shares of LSB Industries from $9.00 to $7.75 and set a "neutral" rating on the stock in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $11.55.

LSB Industries Stock Performance

Shares of LSB Industries stock traded down $0.05 during trading on Wednesday, hitting $7.96. 357,580 shares of the stock were exchanged, compared to its average volume of 481,070. The stock's fifty day moving average is $7.91 and its 200 day moving average is $8.51. LSB Industries, Inc. has a 12 month low of $6.74 and a 12 month high of $11.69. The stock has a market cap of $580.72 million, a PE ratio of 21.50 and a beta of 1.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.45 and a current ratio of 3.68.

LSB Industries (NYSE:LXU - Get Free Report) last posted its earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) 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 business had revenue of $132.61 million during the quarter, compared to analyst estimates of $127.62 million. As a group, sell-side analysts anticipate that LSB Industries, Inc. will post 0.38 EPS for the current year.

Insider Activity at LSB Industries

In other news, EVP John Burns sold 33,243 shares of the business'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 sale, the executive vice president now owns 164,529 shares of the company's stock, valued at approximately $1,357,364.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.60% 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.