LSB Industries, Inc. (NYSE:LXU) Stake Reduced by Founders Financial Alliance LLC

Founders Financial Alliance LLC decreased its holdings in shares of LSB Industries, Inc. (NYSE:LXU) by 19.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,673 shares of the conglomerate’s stock after selling 8,510 shares during the period. Founders Financial Alliance LLC’s holdings in LSB Industries were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in LXU. Proficio Capital Partners LLC bought a new stake in LSB Industries during the fourth quarter worth approximately $103,000. New York State Common Retirement Fund lifted its position in shares of 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 valued at $63,000 after acquiring an additional 2,700 shares during the last quarter. Ausbil Investment Management Ltd bought a new stake in shares of LSB Industries during the 4th quarter worth $313,000. SG Americas Securities LLC grew its holdings in shares of LSB Industries by 20.0% in the 4th quarter. SG Americas Securities LLC now owns 22,589 shares of the conglomerate’s stock worth $171,000 after acquiring an additional 3,763 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of LSB Industries during the fourth quarter worth $113,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler raised LSB Industries from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $9.00 to $11.00 in a research note on Monday, January 13th.

LSB Industries Price Performance

Shares of NYSE:LXU opened at $7.07 on Wednesday. The company’s fifty day moving average is $8.05 and its two-hundred day moving average is $8.22. The company has a market cap of $507.61 million, a P/E ratio of -33.64, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69. LSB Industries, Inc. has a 12-month low of $6.43 and a 12-month high of $10.40. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95.

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.