Dynamic Technology Lab Private Ltd Invests $93,000 in LSB Industries, Inc. (NYSE:LXU)

Dynamic Technology Lab Private Ltd bought a new position in LSB Industries, Inc. (NYSE:LXU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,553 shares of the conglomerate’s stock, valued at approximately $93,000.

A number of other hedge funds have also modified their holdings of LXU. Pekin Hardy Strauss Inc. increased its holdings in LSB Industries by 112.6% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 128,370 shares of the conglomerate’s stock valued at $1,032,000 after purchasing an additional 68,000 shares in the last quarter. Cerity Partners LLC increased its holdings in LSB Industries by 132.2% during the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock valued at $11,000,000 after purchasing an additional 778,937 shares in the last quarter. Intech Investment Management LLC acquired a new stake in LSB Industries during the 3rd quarter valued at $93,000. Cornercap Investment Counsel Inc. acquired a new stake in LSB Industries during the 3rd quarter valued at $243,000. Finally, International Assets Investment Management LLC increased its holdings in LSB Industries by 691.2% during the 3rd quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock valued at $7,272,000 after purchasing an additional 790,194 shares in the last quarter. 73.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

LSB Industries Stock Performance

LXU stock opened at $9.02 on Wednesday. The business’s 50-day moving average price is $8.67 and its two-hundred day moving average price is $8.42. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95. The firm has a market cap of $646.01 million, a PE ratio of -42.95, a P/E/G ratio of 21.26 and a beta of 0.85. LSB Industries, Inc. has a 1-year low of $6.74 and a 1-year high of $10.40.

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.