LSB Industries, Inc. (NYSE:LXU) Stock Holdings Boosted by Moors & Cabot Inc.

Moors & Cabot Inc. increased its position in LSB Industries, Inc. (NYSE:LXU) by 132.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 43,300 shares of the conglomerate’s stock after acquiring an additional 24,650 shares during the period. Moors & Cabot Inc.’s holdings in LSB Industries were worth $354,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LXU. Gendell Jeffrey L boosted its position in shares of LSB Industries by 32.1% during the 4th quarter. Gendell Jeffrey L now owns 1,993,357 shares of the conglomerate’s stock valued at $18,558,000 after purchasing an additional 484,535 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in LSB Industries by 9.3% during the first quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock valued at $9,578,000 after purchasing an additional 92,500 shares during the last quarter. Comerica Bank bought a new stake in LSB Industries during the first quarter worth approximately $210,000. Price T Rowe Associates Inc. MD grew its position in LSB Industries by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock worth $278,000 after buying an additional 1,837 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of LSB Industries by 84.3% in the first quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock valued at $232,000 after buying an additional 12,082 shares in the last quarter. Institutional investors own 73.67% of the company’s stock.

LSB Industries Stock Down 4.0 %

Shares of LSB Industries stock opened at $7.69 on Friday. LSB Industries, Inc. has a 1 year low of $6.74 and a 1 year high of $10.59. The company has a market cap of $550.17 million, a P/E ratio of 32.04, a P/E/G ratio of 1.32 and a beta of 0.83. The company has a current ratio of 3.41, a quick ratio of 3.19 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $7.97 and a 200 day moving average price of $8.29.

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

Analysts Set New Price Targets

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

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.