Barclays PLC Increases Stock Holdings in LSB Industries, Inc. (NYSE:LXU)

Barclays PLC raised its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,783 shares of the conglomerate’s stock after purchasing an additional 1,510 shares during the quarter. Barclays PLC owned approximately 0.13% of LSB Industries worth $688,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Kennedy Capital Management LLC boosted its position in shares of LSB Industries by 1.1% during the fourth quarter. Kennedy Capital Management LLC now owns 162,269 shares of the conglomerate’s stock valued at $1,232,000 after purchasing an additional 1,691 shares in the last quarter. CenterBook Partners LP bought a new stake in shares of LSB Industries during the 4th quarter valued at $1,312,000. Invesco Ltd. grew its position in shares of LSB Industries by 7.0% in the 4th quarter. Invesco Ltd. now owns 225,438 shares of the conglomerate’s stock worth $1,711,000 after buying an additional 14,665 shares during the period. Wells Fargo & Company MN increased its stake in shares of LSB Industries by 27.6% in the 4th quarter. Wells Fargo & Company MN now owns 31,627 shares of the conglomerate’s stock worth $240,000 after acquiring an additional 6,845 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in LSB Industries by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,218,218 shares of the conglomerate’s stock valued at $9,249,000 after acquiring an additional 7,496 shares during the period. 73.67% of the stock is currently owned by institutional investors.

LSB Industries Trading Up 2.6 %

NYSE:LXU opened at $6.64 on Thursday. The stock has a market cap of $476.91 million, a price-to-earnings ratio of -31.59, a PEG ratio of 0.89 and a beta of 1.05. 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 company’s 50 day moving average price is $6.21 and its 200-day moving average price is $7.63. LSB Industries, Inc. has a 52 week low of $4.88 and a 52 week high of $10.40.

LSB Industries (NYSE:LXU) last posted its earnings results on Tuesday, April 29th. The conglomerate reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $143.43 million during the quarter, compared to the consensus estimate of $139.79 million. LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. On average, equities research analysts forecast that LSB Industries, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LXU has been the topic of a number of recent research reports. UBS Group cut their price objective on shares of LSB Industries from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. StockNews.com lowered LSB Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, March 12th. Finally, Piper Sandler set a $10.00 target price on LSB Industries in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.75.

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.