LSB Industries, Inc. (NYSE:LXU) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its holdings in shares of LSB Industries, Inc. (NYSE:LXU) by 132.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,300 shares of the conglomerate’s stock after purchasing an additional 24,650 shares during the quarter. Moors & Cabot Inc. owned about 0.06% of LSB Industries worth $354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. nVerses Capital LLC acquired a new stake in LSB Industries in the 2nd quarter worth about $34,000. Bayesian Capital Management LP acquired a new stake in shares of LSB Industries in the first quarter worth approximately $97,000. Comerica Bank purchased a new stake in LSB Industries in the first quarter valued at approximately $210,000. BNP Paribas Financial Markets raised its stake in LSB Industries by 84.3% during the first quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock worth $232,000 after purchasing an additional 12,082 shares during the period. Finally, Capstone Investment Advisors LLC boosted its holdings in shares of LSB Industries by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 27,250 shares of the conglomerate’s stock valued at $239,000 after purchasing an additional 2,250 shares during the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

LSB Industries Price Performance

Shares of LXU stock opened at $7.69 on Friday. The firm has a fifty day simple moving average of $7.97 and a 200-day simple moving average of $8.29. The company has a market capitalization of $550.17 million, a PE ratio of 32.04, a price-to-earnings-growth ratio of 1.32 and a beta of 0.83. LSB Industries, Inc. has a twelve month low of $6.74 and a twelve month high of $10.59. The company has a current ratio of 3.41, a quick ratio of 3.19 and a debt-to-equity ratio of 0.92.

LSB Industries (NYSE:LXU) last announced its quarterly earnings data 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 company had revenue of $140.07 million during the quarter, compared to analyst estimates of $147.09 million. Equities research analysts anticipate that LSB Industries, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LXU. UBS Group cut their target price on LSB Industries from $9.25 to $8.75 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Piper Sandler boosted their target price on LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their price target 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, Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 price objective on shares of LSB Industries in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given 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.