Wedge Capital Management L L P NC Acquires 11,643 Shares of LSB Industries, Inc. (NYSE:LXU)

Wedge Capital Management L L P NC lifted its holdings in LSB Industries, Inc. (NYSE:LXU) by 29.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,491 shares of the conglomerate’s stock after purchasing an additional 11,643 shares during the period. Wedge Capital Management L L P NC owned about 0.07% of LSB Industries worth $479,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Bailard Inc. raised its stake 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 acquiring an additional 1,433 shares during the period. Panagora Asset Management Inc. bought a new stake in LSB Industries during the 3rd quarter worth approximately $870,000. Krilogy Financial LLC raised its stake in LSB Industries by 11.4% during the 3rd quarter. Krilogy Financial LLC now owns 511,250 shares of the conglomerate’s stock worth $5,230,000 after acquiring an additional 52,500 shares during the period. Orion Portfolio Solutions LLC raised its stake in LSB Industries by 11.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,240 shares of the conglomerate’s stock worth $187,000 after acquiring an additional 1,849 shares during the period. Finally, Victory Capital Management Inc. raised its stake in LSB Industries by 14.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,802,145 shares of the conglomerate’s stock worth $18,436,000 after acquiring an additional 221,743 shares during the period. Institutional investors own 73.67% of the company’s stock.

Insider Activity at LSB Industries

In related news, EVP John Burns sold 33,243 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 164,529 shares of the company’s stock, valued at $1,357,364.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.70% of the stock is currently owned by insiders.

LSB Industries Trading Up 1.0 %

LSB Industries stock opened at $8.21 on Friday. The stock has a market cap of $599.33 million, a P/E ratio of 22.19 and a beta of 1.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.68 and a quick ratio of 3.45. LSB Industries, Inc. has a 1 year low of $6.74 and a 1 year high of $11.69. The firm’s 50 day moving average price is $7.94 and its 200-day moving average price is $8.44.

LSB Industries (NYSE:LXU) last released its quarterly earnings data on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share (EPS) 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 the consensus estimate of $127.62 million. LSB Industries had a net margin of 4.70% and a return on equity of 4.91%. On average, equities analysts predict that LSB Industries, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

LSB Industries Company 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.