Zurcher Kantonalbank Zurich Cantonalbank Acquires 7,074 Shares of LSB Industries, Inc. (NYSE:LXU)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of LSB Industries, Inc. (NYSE:LXU) by 154.4% in the 4th quarter, HoldingsChannel reports. The fund owned 11,657 shares of the conglomerate’s stock after purchasing an additional 7,074 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in LSB Industries were worth $109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LXU. Strs Ohio boosted its holdings in 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 acquiring an additional 2,300 shares during the last quarter. Teza Capital Management LLC purchased a new position in LSB Industries during the third quarter worth about $119,000. Arizona State Retirement System grew its position in LSB Industries by 9.2% in the 3rd quarter. Arizona State Retirement System now owns 15,173 shares of the conglomerate’s stock worth $155,000 after purchasing an additional 1,274 shares in the last quarter. Orion Portfolio Solutions LLC increased 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 buying an additional 1,849 shares during the last quarter. Finally, Third Avenue Management LLC bought a new position in shares of LSB Industries during the 3rd quarter worth approximately $314,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

LSB Industries Stock Up 3.0 %

LXU opened at $8.83 on Friday. The company’s 50-day moving average price is $8.12 and its two-hundred day moving average price is $8.35. The company has a quick ratio of 3.44, a current ratio of 3.64 and a debt-to-equity ratio of 1.05. LSB Industries, Inc. has a twelve month low of $6.74 and a twelve month high of $11.69. The stock has a market cap of $631.70 million, a price-to-earnings ratio of 36.79 and a beta of 1.10.

LSB Industries (NYSE:LXU) last posted its quarterly earnings data 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 3.20% and a return on equity of 2.70%. The firm had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $127.62 million. As a group, equities analysts expect that LSB Industries, Inc. will post 0.27 earnings per share for the current year.

Insider Activity

In related news, EVP John Burns sold 33,243 shares of the business’s stock in a transaction dated 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 directly owns 164,529 shares in the company, valued at approximately $1,357,364.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.

Wall Street Analyst Weigh In

LXU has been the subject of several recent analyst reports. UBS Group reduced their target price on LSB Industries from $9.00 to $7.75 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Piper Sandler upped their price objective on LSB Industries from $8.00 to $9.00 and gave the company an “underweight” rating in a research note on Tuesday.

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.