State Street Corp Increases Holdings in LSB Industries, Inc. (NYSE:LXU)

State Street Corp raised its stake in LSB Industries, Inc. (NYSE:LXU) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,264,212 shares of the conglomerate’s stock after acquiring an additional 7,751 shares during the period. State Street Corp owned approximately 1.77% of LSB Industries worth $10,164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LXU. nVerses Capital LLC purchased a new stake in LSB Industries during the 2nd quarter valued at $34,000. Dynamic Technology Lab Private Ltd bought a new position in shares of LSB Industries during the third quarter valued at $93,000. Intech Investment Management LLC purchased a new stake in shares of LSB Industries during the third quarter valued at $93,000. Private Advisor Group LLC increased its holdings in LSB Industries by 14.1% in the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock worth $102,000 after buying an additional 1,563 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in LSB Industries in the 3rd quarter worth about $103,000. 73.67% of the stock is currently owned by institutional investors.

LSB Industries Price Performance

Shares of NYSE:LXU opened at $7.72 on Friday. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $552.91 million, a PE ratio of -36.76, a price-to-earnings-growth ratio of 20.49 and a beta of 0.85. The firm’s 50 day moving average price is $8.62 and its 200-day moving average price is $8.29. LSB Industries, Inc. has a twelve month low of $6.74 and a twelve month high of $10.40.

Wall Street Analysts Forecast Growth

LXU has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price target on shares of LSB Industries in a research note on Monday, November 4th. UBS Group upgraded shares of LSB Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $9.50 to $11.00 in a research note on Thursday, October 10th.

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.