Arizona State Retirement System Has $126,000 Holdings in LSB Industries, Inc. (NYSE:LXU)

Arizona State Retirement System lessened its holdings in LSB Industries, Inc. (NYSE:LXU) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,509 shares of the conglomerate’s stock after selling 1,664 shares during the quarter. Arizona State Retirement System’s holdings in LSB Industries were worth $126,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LXU. Bailard Inc. grew its stake in shares of 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 period. Orion Portfolio Solutions LLC boosted its holdings 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 buying an additional 1,849 shares during the last quarter. HighTower Advisors LLC grew its position in shares of LSB Industries by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 204,851 shares of the conglomerate’s stock worth $2,096,000 after buying an additional 3,808 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of LSB Industries by 19.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 42,566 shares of the conglomerate’s stock valued at $396,000 after acquiring an additional 6,859 shares during the last quarter. Finally, Meixler Investment Management Ltd. raised its position in shares of LSB Industries by 12.1% in the 3rd quarter. Meixler Investment Management Ltd. now owns 78,481 shares of the conglomerate’s stock valued at $803,000 after acquiring an additional 8,500 shares during the period. Institutional investors and hedge funds own 73.67% of the company’s stock.

Insider Buying and Selling

In related news, EVP John Burns sold 33,243 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were 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 of the company’s stock, valued at approximately $1,357,364.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of 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 cut 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.

LSB Industries Stock Performance

NYSE 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 company has a debt-to-equity ratio of 1.11, a current ratio of 3.68 and a quick ratio of 3.45. The firm has a market cap of $587.62 million, a P/E ratio of 21.76 and a beta of 1.10. The stock’s 50-day moving average is $7.92 and its 200-day moving average is $8.46.

LSB Industries (NYSE:LXU) last announced 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 return on equity of 4.91% and a net margin of 4.70%. The company had revenue of $132.61 million for the quarter, compared to analyst estimates of $127.62 million. Sell-side analysts anticipate that LSB Industries, Inc. will post 0.34 earnings per share for the current fiscal year.

About LSB Industries

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.