American Century Companies Inc. Increases Holdings in LSB Industries, Inc. (NYSE:LXU)

American Century Companies Inc. raised its stake in LSB Industries, Inc. (NYSE:LXU - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,621,036 shares of the conglomerate's stock after purchasing an additional 169,275 shares during the quarter. American Century Companies Inc. owned 2.26% of LSB Industries worth $12,304,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in LSB Industries during the fourth quarter worth about $54,000. New York State Common Retirement Fund boosted its stake in shares of LSB Industries by 48.6% in the 4th quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate's stock worth $63,000 after buying an additional 2,700 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of LSB Industries in the third quarter valued at approximately $93,000. Intech Investment Management LLC purchased a new stake in shares of LSB Industries during the third quarter valued at approximately $93,000. Finally, Proficio Capital Partners LLC bought a new stake in LSB Industries during the fourth quarter worth $103,000. Institutional investors own 73.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LXU shares. Piper Sandler set a $10.00 price objective on LSB Industries in a research note on Thursday, March 27th. StockNews.com downgraded shares of LSB Industries from a "hold" rating to a "sell" rating in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $10.50.

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LSB Industries Stock Performance

Shares of NYSE LXU traded down $0.64 during trading on Friday, reaching $5.46. 866,341 shares of the stock traded hands, compared to its average volume of 349,528. The company has a 50-day moving average of $7.46 and a 200-day moving average of $8.12. LSB Industries, Inc. has a 52-week low of $5.17 and a 52-week high of $10.40. The stock has a market capitalization of $391.94 million, a P/E ratio of -25.97, a price-to-earnings-growth ratio of 0.89 and a beta of 0.87. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36.

LSB Industries Company 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.