Stifel Financial Corp Purchases New Shares in LSB Industries, Inc. (NYSE:LXU)

Stifel Financial Corp bought a new position in shares of LSB Industries, Inc. (NYSE:LXU) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,981 shares of the conglomerate’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LXU. International Assets Investment Management LLC boosted its holdings in shares of LSB Industries by 691.2% in 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. Cerity Partners LLC boosted its stake in shares of LSB Industries by 132.2% in 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 during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of LSB Industries by 34.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,463,395 shares of the conglomerate’s stock valued at $11,971,000 after purchasing an additional 372,500 shares during the period. Systematic Financial Management LP lifted its stake in LSB Industries by 11.0% in the third quarter. Systematic Financial Management LP now owns 1,660,443 shares of the conglomerate’s stock valued at $13,350,000 after buying an additional 164,166 shares during the period. Finally, American Century Companies Inc. boosted its stake in LSB Industries by 11.5% during the second quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock worth $10,740,000 after acquiring an additional 135,087 shares in the last quarter. 73.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LXU has been the subject of several recent research reports. UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.50 to $11.00 in a report on Thursday, October 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 target price on shares of LSB Industries in a report on Monday, November 4th.

LSB Industries Trading Down 1.8 %

Shares of LXU opened at $7.58 on Monday. The firm has a market cap of $542.89 million, a P/E ratio of -36.09, a price-to-earnings-growth ratio of 20.49 and a beta of 0.85. LSB Industries, Inc. has a fifty-two week low of $6.74 and a fifty-two week high of $10.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. The business has a 50-day moving average of $8.55 and a 200 day moving average of $8.27.

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.