Royce & Associates LP Trims Stake in LSB Industries, Inc. (NYSE:LXU)

Royce & Associates LP reduced its stake in LSB Industries, Inc. (NYSE:LXU) by 4.9% during the third quarter, Holdings Channel.com reports. The firm owned 182,426 shares of the conglomerate’s stock after selling 9,384 shares during the quarter. Royce & Associates LP’s holdings in LSB Industries were worth $1,467,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in LSB Industries by 691.2% in the third quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock worth $7,272,000 after buying an additional 790,194 shares in the last quarter. Private Advisor Group LLC increased its holdings in LSB Industries by 14.1% in the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 1,563 shares in the last quarter. First Eagle Investment Management LLC raised its stake in LSB Industries by 34.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,463,395 shares of the conglomerate’s stock worth $11,971,000 after acquiring an additional 372,500 shares during the period. Comerica Bank purchased a new position in LSB Industries during the first quarter valued at approximately $210,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in LSB Industries by 6.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock valued at $278,000 after purchasing an additional 1,837 shares in the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LXU. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price objective on shares of LSB Industries in a research note on Monday, November 4th. UBS Group raised LSB Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.50 to $11.00 in a report on Thursday, October 10th. Finally, Piper Sandler upped their price objective on LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th.

LSB Industries Price Performance

LXU stock opened at $8.41 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. The company’s fifty day moving average price is $8.42 and its 200-day moving average price is $8.43. LSB Industries, Inc. has a one year low of $6.74 and a one year high of $10.40. The company has a market capitalization of $602.32 million, a PE ratio of -40.05, a price-to-earnings-growth ratio of 19.63 and a beta of 0.84.

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.