American Century Companies Inc. Grows Position in LSB Industries, Inc. (NYSE:LXU)

American Century Companies Inc. raised its holdings in shares of LSB Industries, Inc. (NYSE:LXU) by 11.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,312,912 shares of the conglomerate’s stock after buying an additional 135,087 shares during the quarter. American Century Companies Inc. owned about 1.84% of LSB Industries worth $10,740,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Gendell Jeffrey L grew its holdings in shares of LSB Industries by 32.1% during the fourth quarter. Gendell Jeffrey L now owns 1,993,357 shares of the conglomerate’s stock worth $18,558,000 after buying an additional 484,535 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of LSB Industries by 9.3% during the first quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock worth $9,578,000 after buying an additional 92,500 shares in the last quarter. Comerica Bank purchased a new stake in shares of LSB Industries in the first quarter valued at about $210,000. Price T Rowe Associates Inc. MD grew its holdings in shares of LSB Industries by 6.2% in the first 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 period. Finally, BNP Paribas Financial Markets grew its holdings in shares of LSB Industries by 84.3% in the first 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 period. Hedge funds and other institutional investors own 73.67% of the company’s stock.

LSB Industries Trading Down 4.0 %

NYSE LXU opened at $7.69 on Monday. The firm’s 50-day moving average is $7.97 and its two-hundred day moving average is $8.30. LSB Industries, Inc. has a 12 month low of $6.74 and a 12 month high of $10.59. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.41 and a quick ratio of 3.19. The stock has a market capitalization of $550.17 million, a P/E ratio of 32.04, a PEG ratio of 1.32 and a beta of 0.83.

LSB Industries (NYSE:LXU) last posted its earnings results on Wednesday, July 31st. The conglomerate reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. LSB Industries had a net margin of 0.40% and a return on equity of 1.29%. The company had revenue of $140.07 million for the quarter, compared to analysts’ expectations of $147.09 million. On average, sell-side analysts anticipate that LSB Industries, Inc. will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.