Stifel Financial Corp Acquires New Holdings in LSB Industries, Inc. (NYSE:LXU)

Stifel Financial Corp acquired a new stake in LSB Industries, Inc. (NYSE:LXU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,981 shares of the conglomerate’s stock, valued at approximately $257,000.

Other hedge funds have also made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of LSB Industries in the 2nd quarter worth about $34,000. Dynamic Technology Lab Private Ltd acquired a new position in LSB Industries in the third quarter valued at approximately $93,000. Intech Investment Management LLC bought a new position in shares of LSB Industries in the 3rd quarter worth $93,000. Private Advisor Group LLC boosted its holdings in LSB Industries by 14.1% during the third 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 during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in LSB Industries during the third quarter valued at approximately $103,000. Institutional investors own 73.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LXU. UBS Group raised 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. 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.

LSB Industries Trading Down 1.8 %

LSB Industries stock opened at $7.58 on Monday. LSB Industries, Inc. has a 52 week low of $6.74 and a 52 week high of $10.40. The stock has a market capitalization of $542.89 million, a P/E ratio of -36.09, a PEG ratio of 20.49 and a beta of 0.85. The stock has a 50-day simple moving average of $8.55 and a 200 day simple moving average of $8.27. 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 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.