Barclays PLC Buys 61,793 Shares of LSB Industries, Inc. (NYSE:LXU)

Barclays PLC grew its stake in LSB Industries, Inc. (NYSE:LXU - Free Report) by 224.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,273 shares of the conglomerate's stock after buying an additional 61,793 shares during the quarter. Barclays PLC owned 0.12% of LSB Industries worth $718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LXU. International Assets Investment Management LLC grew its position 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. Cerity Partners LLC raised its stake in shares of LSB Industries by 132.2% during the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate's stock worth $11,000,000 after purchasing an additional 778,937 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings 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 buying an additional 372,500 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of 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 in the last quarter. Finally, American Century Companies Inc. increased its holdings 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 buying an additional 135,087 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

LSB Industries Stock Performance

LXU traded down $0.02 on Thursday, reaching $9.14. The company had a trading volume of 294,683 shares, compared to its average volume of 405,348. 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 company's fifty day moving average is $8.37 and its 200 day moving average is $8.24. LSB Industries, Inc. has a fifty-two week low of $6.74 and a fifty-two week high of $10.40. The stock has a market cap of $654.25 million, a P/E ratio of -43.50, a P/E/G ratio of 0.92 and a beta of 0.89.

Wall Street Analysts Forecast Growth

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

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.