LSB Industries, Inc. (NYSE:LXU) Shares Purchased by Teacher Retirement System of Texas

Posted by on Jun 12th, 2023

Teacher Retirement System of Texas lifted its position in LSB Industries, Inc. (NYSE:LXU – Get Rating) by 5.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 67,018 shares of the conglomerate’s stock after buying an additional 3,522 shares during the quarter. Teacher Retirement System of Texas’ holdings in LSB Industries were worth $891,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LXU. Horizon Kinetics Asset Management LLC acquired a new position in LSB Industries in the 4th quarter worth about $165,000. Sowell Financial Services LLC purchased a new position in shares of LSB Industries in the fourth quarter worth $340,000. Mirae Asset Global Investments Co. Ltd. increased its stake in LSB Industries by 140.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,613 shares of the conglomerate’s stock worth $420,000 after buying an additional 18,461 shares during the period. Bailard Inc. purchased a new stake in shares of LSB Industries during the fourth quarter worth about $439,000. Finally, Cipher Capital LP acquired a new stake in shares of LSB Industries during the 3rd quarter worth approximately $537,000. 81.20% of the stock is currently owned by institutional investors.

LSB Industries Trading Down 2.4 %

Shares of NYSE:LXU opened at $10.24 on Monday. The firm has a fifty day moving average price of $9.45 and a 200 day moving average price of $11.63. The stock has a market capitalization of $779.57 million, a PE ratio of 4.61 and a beta of 1.52. The company has a current ratio of 4.44, a quick ratio of 4.21 and a debt-to-equity ratio of 1.32. LSB Industries, Inc. has a 1 year low of $8.15 and a 1 year high of $18.47.

LSB Industries (NYSE:LXU – Get Rating) last posted its quarterly earnings data on Tuesday, May 2nd. The conglomerate reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. LSB Industries had a net margin of 21.22% and a return on equity of 35.95%. The firm had revenue of $180.96 million during the quarter, compared to the consensus estimate of $180.30 million. Analysts expect that LSB Industries, Inc. will post 1.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on LXU. Stifel Nicolaus dropped their price target on LSB Industries from $17.00 to $16.00 in a research note on Tuesday, May 16th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of LSB Industries from $16.00 to $13.00 in a research note on Wednesday, May 17th. Piper Sandler lowered shares of LSB Industries from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $12.00 in a report on Thursday, May 11th. TheStreet cut LSB Industries from a “b-” rating to a “c” rating in a research note on Wednesday, May 3rd. Finally, UBS Group cut their price objective on LSB Industries from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, February 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

LSB Industries Profile

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LSB Industries, Inc engages in manufacturing, marketing, and sale of chemical products for the agricultural, mining, and industrial markets. It also own and operate facilities in El Dorado, Arkansas (El Dorado Facility), Cherokee, Alabama (Cherokee Facility), and Pryor, Oklahoma (Pryor Facility), as well as facility for Covestro AG (Covestro) in Baytown, Texas (Baytown Facility).

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Institutional Ownership by Quarter for LSB Industries (NYSE:LXU)

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