14,154 Shares in LSB Industries, Inc. (NYSE:LXU) Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new stake in LSB Industries, Inc. (NYSE:LXU) during the second quarter, Holdings Channel.com reports. The firm bought 14,154 shares of the conglomerate’s stock, valued at approximately $116,000.

Several other large investors have also modified their holdings of the business. First Eagle Investment Management LLC increased its position in shares of 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 purchasing an additional 372,500 shares during the last quarter. Pekin Hardy Strauss Inc. increased its position in shares of LSB Industries by 18.9% during the second quarter. Pekin Hardy Strauss Inc. now owns 60,370 shares of the conglomerate’s stock valued at $494,000 after acquiring an additional 9,600 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of LSB Industries by 132.2% during the second quarter. Moors & Cabot Inc. now owns 43,300 shares of the conglomerate’s stock valued at $354,000 after acquiring an additional 24,650 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of LSB Industries by 1.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,816,865 shares of the conglomerate’s stock worth $14,862,000 after acquiring an additional 25,713 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of LSB Industries by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,364,562 shares of the conglomerate’s stock worth $19,342,000 after acquiring an additional 37,419 shares during the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

LSB Industries Stock Performance

NYSE:LXU opened at $9.40 on Monday. The company has a market cap of $672.51 million, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82. The company has a quick ratio of 3.19, a current ratio of 3.41 and a debt-to-equity ratio of 0.92. LSB Industries, Inc. has a 52 week low of $6.74 and a 52 week high of $10.46. The company has a fifty day simple moving average of $7.88 and a two-hundred day simple moving average of $8.36.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Piper Sandler boosted their target price on LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price objective on shares of LSB Industries in a report on Monday, August 12th. Finally, UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $9.50 to $11.00 in a report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, LSB Industries currently has an average rating of “Hold” and an average price target of $10.25.

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.