Ausbil Investment Management Ltd Invests $313,000 in LSB Industries, Inc. (NYSE:LXU)

Ausbil Investment Management Ltd purchased a new stake in LSB Industries, Inc. (NYSE:LXU - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 40,693 shares of the conglomerate's stock, valued at approximately $313,000. Ausbil Investment Management Ltd owned about 0.06% of LSB Industries at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LXU. Pekin Hardy Strauss Inc. raised 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 acquiring an additional 68,000 shares during the last quarter. Barclays PLC grew its position in shares of LSB Industries by 224.9% during the 3rd quarter. Barclays PLC now owns 89,273 shares of the conglomerate's stock valued at $718,000 after buying an additional 61,793 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of LSB Industries in the 3rd quarter worth $257,000. The Manufacturers Life Insurance Company lifted its holdings 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 valued at $691,000 after purchasing an additional 10,762 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in LSB Industries by 691.2% in the third 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.

Analyst Upgrades and Downgrades

LXU has been the topic of a number of recent research reports. Piper Sandler raised LSB Industries from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $9.00 to $11.00 in a report on Monday, January 13th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $10.00 target price on shares of LSB Industries in a research note on Monday, November 4th. Finally, UBS Group upgraded LSB Industries from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th.

LSB Industries Stock Performance

LSB Industries stock traded down $0.10 during midday trading on Wednesday, hitting $8.40. The stock had a trading volume of 70,018 shares, compared to its average volume of 385,084. The company has a market capitalization of $601.61 million, a PE ratio of -39.99, a P/E/G ratio of 0.79 and a beta of 0.87. LSB Industries, Inc. has a 52-week low of $6.74 and a 52-week high of $10.40. The firm's fifty day moving average is $8.38 and its two-hundred day moving average is $8.31. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95.

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.