Northern Trust Corp Purchases 22,874 Shares of LSB Industries, Inc. (NYSE:LXU)

Northern Trust Corp grew its position in shares of LSB Industries, Inc. (NYSE:LXU) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 485,269 shares of the conglomerate’s stock after acquiring an additional 22,874 shares during the quarter. Northern Trust Corp owned 0.68% of LSB Industries worth $3,683,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of LSB Industries by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 138,084 shares of the conglomerate’s stock worth $1,110,000 after buying an additional 21,801 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in LSB Industries during the fourth quarter worth about $113,000. SG Americas Securities LLC boosted its position in LSB Industries by 20.0% during the fourth quarter. SG Americas Securities LLC now owns 22,589 shares of the conglomerate’s stock valued at $171,000 after purchasing an additional 3,763 shares during the last quarter. Ausbil Investment Management Ltd bought a new position in LSB Industries in the fourth quarter valued at approximately $313,000. Finally, New York State Common Retirement Fund increased its position in shares of LSB Industries by 48.6% during the 4th quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate’s stock worth $63,000 after purchasing an additional 2,700 shares during the last quarter. 73.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LXU shares. Wall Street Zen downgraded LSB Industries from a “hold” rating to a “sell” rating in a report on Wednesday, March 12th. Piper Sandler set a $10.00 price target on shares of LSB Industries in a research note on Thursday, March 27th. Finally, UBS Group decreased their price objective on shares of LSB Industries from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.75.

LSB Industries Stock Performance

LXU opened at $7.34 on Friday. LSB Industries, Inc. has a 12-month low of $4.88 and a 12-month high of $10.40. The stock has a market cap of $527.23 million, a price-to-earnings ratio of -34.93, a PEG ratio of 0.89 and a beta of 1.05. The business has a 50 day moving average of $6.25 and a 200-day moving average of $7.52. 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 (NYSE:LXU) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). LSB Industries had a negative net margin of 2.99% and a positive return on equity of 0.98%. The business had revenue of $143.43 million during the quarter, compared to analyst estimates of $139.79 million. On average, equities research analysts expect that LSB Industries, Inc. will post -0.18 earnings per share for the current year.

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.