Federated Hermes Inc. Has $571,000 Stake in LSB Industries, Inc. (NYSE:LXU)

Federated Hermes Inc. trimmed its position in shares of LSB Industries, Inc. (NYSE:LXU) by 9.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,364 shares of the conglomerate’s stock after selling 6,625 shares during the period. Federated Hermes Inc. owned 0.08% of LSB Industries worth $571,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LXU. Strs Ohio lifted its position in shares of LSB Industries by 79.3% in the fourth quarter. Strs Ohio now owns 5,200 shares of the conglomerate’s stock worth $48,000 after purchasing an additional 2,300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in LSB Industries by 154.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,657 shares of the conglomerate’s stock worth $109,000 after buying an additional 7,074 shares in the last quarter. Teza Capital Management LLC purchased a new stake in LSB Industries in the 3rd quarter worth approximately $119,000. Arizona State Retirement System boosted its stake in shares of LSB Industries by 9.2% during the 3rd quarter. Arizona State Retirement System now owns 15,173 shares of the conglomerate’s stock valued at $155,000 after buying an additional 1,274 shares during the period. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of LSB Industries by 11.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,240 shares of the conglomerate’s stock valued at $187,000 after acquiring an additional 1,849 shares in the last quarter. 73.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on LXU shares. Piper Sandler cut 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. UBS Group cut their price target on LSB Industries from $9.00 to $7.75 and set a “neutral” rating for the company in a research note on Wednesday, March 6th.

Insiders Place Their Bets

In other news, EVP John Burns sold 33,243 shares of LSB Industries stock in a transaction that occurred 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 transaction, the executive vice president now 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. Company insiders own 4.70% of the company’s stock.

LSB Industries Trading Down 0.1 %

Shares of NYSE:LXU opened at $8.51 on Friday. The company has a current ratio of 3.64, a quick ratio of 3.45 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $608.81 million, a PE ratio of 35.46 and a beta of 1.10. LSB Industries, Inc. has a 1 year low of $6.74 and a 1 year high of $11.69. The firm has a fifty day moving average price of $8.02 and a 200 day moving average price of $8.38.

LSB Industries (NYSE:LXU) last released its quarterly earnings results 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 return on equity of 2.70% and a net margin of 3.20%. Analysts expect that LSB Industries, Inc. will post 0.27 EPS 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.