New York State Common Retirement Fund Buys 2,700 Shares of LSB Industries, Inc. (NYSE:LXU)

New York State Common Retirement Fund lifted its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 48.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,253 shares of the conglomerate’s stock after purchasing an additional 2,700 shares during the period. New York State Common Retirement Fund’s holdings in LSB Industries were worth $63,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC boosted its holdings in LSB Industries by 132.2% in the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock valued at $11,000,000 after purchasing an additional 778,937 shares during the period. Systematic Financial Management LP increased its position in shares of LSB Industries by 11.0% in the third quarter. Systematic Financial Management LP now owns 1,660,443 shares of the conglomerate’s stock valued at $13,350,000 after acquiring an additional 164,166 shares during the period. Pekin Hardy Strauss Inc. increased its position in shares of LSB Industries by 112.6% in the third quarter. Pekin Hardy Strauss Inc. now owns 128,370 shares of the conglomerate’s stock valued at $1,032,000 after acquiring an additional 68,000 shares during the period. Barclays PLC increased its position in shares of LSB Industries by 224.9% in the third quarter. Barclays PLC now owns 89,273 shares of the conglomerate’s stock valued at $718,000 after acquiring an additional 61,793 shares during the period. Finally, Brightline Capital Management LLC increased its position in shares of LSB Industries by 20.3% in the third quarter. Brightline Capital Management LLC now owns 361,000 shares of the conglomerate’s stock valued at $2,902,000 after acquiring an additional 61,000 shares during the period. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upgraded shares of LSB Industries from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $9.00 to $11.00 in a research report on Monday, January 13th.

LSB Industries Trading Up 2.4 %

Shares of NYSE LXU opened at $7.06 on Friday. The firm’s 50 day moving average price is $8.09 and its 200-day moving average price is $8.23. The company has a market cap of $506.89 million, a PE ratio of -33.59, a P/E/G ratio of 0.89 and a beta of 0.69. LSB Industries, Inc. has a 52-week low of $6.43 and a 52-week high of $10.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

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.