Barclays PLC Grows Stake in LSB Industries, Inc. (NYSE:LXU)

Barclays PLC lifted its position in LSB Industries, Inc. (NYSE:LXU) by 224.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,273 shares of the conglomerate’s stock after buying an additional 61,793 shares during the period. Barclays PLC owned approximately 0.12% of LSB Industries worth $718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of LXU. American Century Companies Inc. boosted its stake in shares of LSB Industries by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock worth $10,740,000 after buying an additional 135,087 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of LSB Industries by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,364,562 shares of the conglomerate’s stock worth $19,342,000 after buying an additional 37,419 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of LSB Industries by 1.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,816,865 shares of the conglomerate’s stock worth $14,862,000 after buying an additional 25,713 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of LSB Industries by 132.2% in the 2nd quarter. Moors & Cabot Inc. now owns 43,300 shares of the conglomerate’s stock worth $354,000 after buying an additional 24,650 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its stake in shares of LSB Industries by 18.9% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 60,370 shares of the conglomerate’s stock worth $494,000 after buying an additional 9,600 shares during the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

LSB Industries Price Performance

NYSE:LXU opened at $9.17 on Thursday. 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 business’s 50-day simple moving average is $8.37 and its two-hundred day simple moving average is $8.24. The stock has a market cap of $656.76 million, a PE ratio of -43.66, a P/E/G ratio of 20.49 and a beta of 0.89. LSB Industries, Inc. has a 52 week low of $6.74 and a 52 week high of $10.40.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group raised LSB Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $9.50 to $11.00 in a report on Thursday, October 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 target price on shares of LSB Industries in a report on Monday, November 4th. Finally, Piper Sandler raised LSB Industries from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $9.00 to $11.00 in a report on Monday.

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.