LSB Industries, Inc. (NYSE:LXU) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 232.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,204 shares of the conglomerate’s stock after acquiring an additional 23,922 shares during the quarter. BNP Paribas Financial Markets’ holdings in LSB Industries were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in shares of LSB Industries by 14.3% during the third quarter. The Manufacturers Life Insurance Company now owns 85,931 shares of the conglomerate’s stock worth $691,000 after purchasing an additional 10,762 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in LSB Industries during the 3rd quarter worth approximately $93,000. Pekin Hardy Strauss Inc. increased its position in LSB Industries by 112.6% during the third quarter. Pekin Hardy Strauss Inc. now owns 128,370 shares of the conglomerate’s stock worth $1,032,000 after buying an additional 68,000 shares during the period. Cerity Partners LLC increased its position in LSB Industries by 132.2% during the third quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock worth $11,000,000 after buying an additional 778,937 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in LSB Industries in the third quarter valued at approximately $93,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

LSB Industries Stock Down 0.5 %

LXU opened at $8.79 on Monday. The business has a 50 day moving average price of $8.79 and a two-hundred day moving average price of $8.37. LSB Industries, Inc. has a 52 week low of $6.74 and a 52 week high of $10.40. The company has a market cap of $629.55 million, a PE ratio of -41.86, a P/E/G ratio of 20.84 and a beta of 0.85. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LXU shares. Royal Bank of Canada restated an “outperform” rating and set a $10.00 target price on shares of LSB Industries in a research report on Monday, November 4th. UBS Group upgraded shares of LSB Industries from a “neutral” rating to a “buy” rating and increased their price target for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th.

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.