Renaissance Technologies LLC Acquires 25,713 Shares of LSB Industries, Inc. (NYSE:LXU)

Renaissance Technologies LLC lifted its holdings in LSB Industries, Inc. (NYSE:LXU) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,816,865 shares of the conglomerate’s stock after buying an additional 25,713 shares during the period. Renaissance Technologies LLC owned about 2.54% of LSB Industries worth $14,862,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Gendell Jeffrey L grew its holdings in LSB Industries by 32.1% during the 4th quarter. Gendell Jeffrey L now owns 1,993,357 shares of the conglomerate’s stock valued at $18,558,000 after purchasing an additional 484,535 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in LSB Industries by 9.3% during the 1st quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock valued at $9,578,000 after purchasing an additional 92,500 shares during the last quarter. Comerica Bank bought a new position in LSB Industries during the 1st quarter valued at about $210,000. Price T Rowe Associates Inc. MD grew its holdings in LSB Industries by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock valued at $278,000 after purchasing an additional 1,837 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in LSB Industries by 84.3% during the 1st quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock valued at $232,000 after purchasing an additional 12,082 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LXU shares. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 price target on shares of LSB Industries in a report on Monday, August 12th. Piper Sandler boosted their price objective on shares of LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, August 8th. UBS Group lowered their price objective on shares of LSB Industries from $9.25 to $8.75 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of LSB Industries from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.69.

LSB Industries Price Performance

LSB Industries stock opened at $7.69 on Friday. The firm has a 50-day moving average of $7.97 and a two-hundred day moving average of $8.29. LSB Industries, Inc. has a 1 year low of $6.74 and a 1 year high of $10.59. The stock has a market cap of $550.17 million, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 1.32 and a beta of 0.83. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.41 and a quick ratio of 3.19.

LSB Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. LSB Industries had a net margin of 0.40% and a return on equity of 1.29%. The firm had revenue of $140.07 million during the quarter, compared to analysts’ expectations of $147.09 million. On average, research analysts forecast that LSB Industries, Inc. will post 0.22 earnings per share for the current year.

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.