SG Americas Securities LLC Invests $151,000 in LSB Industries, Inc. (NYSE:LXU)

SG Americas Securities LLC purchased a new position in shares of LSB Industries, Inc. (NYSE:LXU) in the third quarter, HoldingsChannel.com reports. The fund purchased 18,826 shares of the conglomerate’s stock, valued at approximately $151,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LXU. nVerses Capital LLC bought a new position in LSB Industries in the 2nd quarter valued at approximately $34,000. Bayesian Capital Management LP bought a new position in LSB Industries in the 1st quarter valued at approximately $97,000. Squarepoint Ops LLC bought a new position in LSB Industries in the 2nd quarter valued at approximately $116,000. Susquehanna Fundamental Investments LLC bought a new position in LSB Industries in the 2nd quarter valued at approximately $118,000. Finally, Comerica Bank bought a new position in LSB Industries in the 1st quarter valued at approximately $210,000. Institutional investors own 73.67% of the company’s stock.

LSB Industries Trading Down 0.5 %

Shares of NYSE LXU opened at $8.73 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 3.19 and a current ratio of 3.41. LSB Industries, Inc. has a 52-week low of $6.74 and a 52-week high of $10.40. The firm has a 50 day moving average price of $8.09 and a two-hundred day moving average price of $8.39. The stock has a market cap of $624.58 million, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on LXU. UBS Group raised shares of LSB Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $9.50 to $11.00 in a research note on Thursday, October 10th. 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, August 12th. Finally, Piper Sandler upped their price target on shares of LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.25.

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.