First Eagle Investment Management LLC Has $11.97 Million Holdings in LSB Industries, Inc. (NYSE:LXU)

First Eagle Investment Management LLC increased its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 34.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,463,395 shares of the conglomerate’s stock after acquiring an additional 372,500 shares during the period. First Eagle Investment Management LLC owned about 2.05% of LSB Industries worth $11,971,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in LSB Industries in the 2nd quarter valued at about $34,000. Bayesian Capital Management LP acquired a new stake in shares of LSB Industries in the first quarter valued at approximately $97,000. Comerica Bank bought a new position in shares of LSB Industries during the 1st quarter worth approximately $210,000. BNP Paribas Financial Markets boosted its stake in shares of LSB Industries by 84.3% during the 1st quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock worth $232,000 after acquiring an additional 12,082 shares during the period. Finally, Capstone Investment Advisors LLC increased its holdings in shares of LSB Industries by 9.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 27,250 shares of the conglomerate’s stock worth $239,000 after acquiring an additional 2,250 shares during the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

LSB Industries Trading Up 5.7 %

LXU stock opened at $8.02 on Friday. LSB Industries, Inc. has a 52 week low of $6.74 and a 52 week high of $10.59. The company has a debt-to-equity ratio of 0.92, a quick ratio of 3.19 and a current ratio of 3.41. The company’s 50-day simple moving average is $7.98 and its 200 day simple moving average is $8.28. The company has a market capitalization of $573.43 million, a PE ratio of 33.40, a price-to-earnings-growth ratio of 1.32 and a beta of 0.83.

LSB Industries (NYSE:LXU) last announced its earnings results on Wednesday, July 31st. The conglomerate reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. LSB Industries had a net margin of 0.40% and a return on equity of 1.29%. The company had revenue of $140.07 million for the quarter, compared to analysts’ expectations of $147.09 million. As a group, sell-side analysts anticipate that LSB Industries, Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on LXU. UBS Group cut their price target on LSB Industries from $9.25 to $8.75 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of LSB Industries from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Piper Sandler increased their price target on shares of LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $10.00 price objective on shares of LSB Industries in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.69.

LSB Industries Company 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.