NBC Securities Inc. Has $26,000 Holdings in LSB Industries, Inc. (NYSE:LXU)

NBC Securities Inc. boosted its holdings in shares of LSB Industries, Inc. (NYSE:LXU) by 394,900.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,950 shares of the conglomerate’s stock after purchasing an additional 3,949 shares during the period. NBC Securities Inc.’s holdings in LSB Industries were worth $26,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of LSB Industries by 157.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate’s stock worth $28,000 after purchasing an additional 2,230 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of LSB Industries by 21,016.0% in the first quarter. GAMMA Investing LLC now owns 5,279 shares of the conglomerate’s stock valued at $35,000 after buying an additional 5,254 shares during the last quarter. New York State Common Retirement Fund lifted its position in LSB Industries by 48.6% during the 4th quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate’s stock worth $63,000 after buying an additional 2,700 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in LSB Industries during the 4th quarter worth about $71,000. Finally, Fox Run Management L.L.C. bought a new stake in LSB Industries during the 4th quarter worth about $84,000. 73.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on LXU. Wall Street Zen raised shares of LSB Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 31st. UBS Group lowered their price target on shares of LSB Industries from $11.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler set a $10.00 price objective on shares of LSB Industries in a research report on Thursday, March 27th.

LSB Industries Price Performance

Shares of LXU stock opened at $8.23 on Friday. The stock has a 50-day moving average price of $6.64 and a 200 day moving average price of $7.41. 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 firm has a market cap of $591.56 million, a price-to-earnings ratio of -39.19, a PEG ratio of 0.89 and a beta of 1.23. LSB Industries, Inc. has a 12 month low of $4.88 and a 12 month high of $10.40.

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

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.