CenterBook Partners LP Purchases Shares of 172,836 LSB Industries, Inc. (NYSE:LXU)

CenterBook Partners LP bought a new position in LSB Industries, Inc. (NYSE:LXU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 172,836 shares of the conglomerate's stock, valued at approximately $1,312,000. CenterBook Partners LP owned about 0.24% of LSB Industries at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LXU. Vanguard Group Inc. grew its holdings in LSB Industries by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,089,060 shares of the conglomerate's stock worth $23,446,000 after acquiring an additional 12,345 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of LSB Industries by 5.3% in the fourth quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate's stock worth $13,361,000 after buying an additional 88,506 shares in the last quarter. American Century Companies Inc. boosted its position in shares of LSB Industries by 11.7% during the 4th quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate's stock valued at $12,304,000 after acquiring an additional 169,275 shares during the last quarter. State Street Corp raised its position in LSB Industries by 0.6% during the third quarter. State Street Corp now owns 1,264,212 shares of the conglomerate's stock valued at $10,164,000 after purchasing an additional 7,751 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in LSB Industries by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,218,218 shares of the conglomerate's stock worth $9,249,000 after purchasing an additional 7,496 shares during the period. 73.67% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on LXU. Piper Sandler set a $10.00 target price on shares of LSB Industries in a report 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. Finally, UBS Group cut their target price on LSB Industries from $11.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $9.75.

LSB Industries Stock Down 2.7 %

NYSE:LXU traded down $0.14 during midday trading on Wednesday, reaching $5.10. The company had a trading volume of 161,580 shares, compared to its average volume of 414,166. The stock's fifty day simple moving average is $6.89 and its 200-day simple moving average is $7.96. The firm has a market capitalization of $366.43 million, a price-to-earnings ratio of -24.28, a PEG ratio of 0.89 and a beta of 0.87. LSB Industries, Inc. has a 12-month low of $4.88 and a 12-month high of $10.40. 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 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.