D. E. Shaw & Co. Inc. Has $1.72 Million Stock Holdings in LSB Industries, Inc. (NYSE:LXU)

D. E. Shaw & Co. Inc. trimmed its stake in LSB Industries, Inc. (NYSE:LXU) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 226,665 shares of the conglomerate’s stock after selling 100,993 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.32% of LSB Industries worth $1,720,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Royce & Associates LP grew its holdings in shares of LSB Industries by 26.7% during the fourth quarter. Royce & Associates LP now owns 231,067 shares of the conglomerate’s stock valued at $1,754,000 after buying an additional 48,641 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of LSB Industries by 11.7% during the fourth quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate’s stock valued at $12,304,000 after buying an additional 169,275 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of LSB Industries by 5.3% during the fourth quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate’s stock valued at $13,361,000 after buying an additional 88,506 shares during the last quarter. Ausbil Investment Management Ltd acquired a new position in shares of LSB Industries during the fourth quarter valued at about $313,000. Finally, Barclays PLC grew its holdings in shares of LSB Industries by 1.7% during the fourth quarter. Barclays PLC now owns 90,783 shares of the conglomerate’s stock valued at $688,000 after buying an additional 1,510 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

LSB Industries Stock Down 1.3%

LXU opened at $7.16 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. The company’s 50-day moving average is $6.25 and its 200 day moving average is $7.53. LSB Industries, Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $10.40. The firm has a market capitalization of $514.29 million, a P/E ratio of -34.07, a PEG ratio of 0.89 and a beta of 1.05.

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

Analyst Upgrades and Downgrades

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

About LSB Industries

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.