Arizona State Retirement System Lowers Stock Holdings in LSB Industries, Inc. (NYSE:LXU)

Arizona State Retirement System lowered its holdings in LSB Industries, Inc. (NYSE:LXU) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,509 shares of the conglomerate’s stock after selling 1,664 shares during the period. Arizona State Retirement System’s holdings in LSB Industries were worth $126,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Teza Capital Management LLC acquired a new stake in shares of LSB Industries during the 3rd quarter worth $119,000. Orion Portfolio Solutions LLC raised its holdings in shares of LSB Industries by 11.3% in the 3rd 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 period. Third Avenue Management LLC acquired a new position in shares of LSB Industries in the 3rd quarter valued at about $314,000. Sowell Financial Services LLC grew its holdings in shares of LSB Industries by 39.0% during the 3rd quarter. Sowell Financial Services LLC now owns 35,235 shares of the conglomerate’s stock worth $360,000 after purchasing an additional 9,881 shares during the period. Finally, Bailard Inc. increased its position in LSB Industries by 4.1% during the 3rd quarter. Bailard Inc. now owns 35,993 shares of the conglomerate’s stock worth $368,000 after purchasing an additional 1,433 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at LSB Industries

In other LSB Industries news, EVP John Burns sold 33,243 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $8.25, for a total transaction of $274,254.75. Following the transaction, 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 SEC, which is available at this link. 4.60% of the stock is owned by corporate insiders.

LSB Industries Stock Performance

Shares of LXU opened at $8.05 on Tuesday. LSB Industries, Inc. has a one year low of $6.74 and a one year high of $11.69. The stock has a 50-day moving average price of $7.92 and a 200 day moving average price of $8.46. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.45 and a current ratio of 3.68. The company has a market capitalization of $587.62 million, a P/E ratio of 21.76 and a beta of 1.10.

LSB Industries (NYSE:LXU) last announced its quarterly earnings data on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). The company had revenue of $132.61 million for the quarter, compared to analyst estimates of $127.62 million. LSB Industries had a return on equity of 4.91% and a net margin of 4.70%. Sell-side analysts forecast that LSB Industries, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LXU shares. Piper Sandler cut shares of LSB Industries from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $11.50 to $8.00 in a research report on Thursday, February 29th. UBS Group decreased their target price on LSB Industries from $9.00 to $7.75 and set a “neutral” rating for the company in a research report on Wednesday, March 6th.

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.