First Eagle Investment Management LLC Boosts Stock Holdings in LSB Industries, Inc. (NYSE:LXU)

First Eagle Investment Management LLC increased its stake in LSB Industries, Inc. (NYSE:LXU - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,760,401 shares of the conglomerate's stock after buying an additional 88,506 shares during the period. First Eagle Investment Management LLC owned 2.46% of LSB Industries worth $13,361,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Systematic Financial Management LP raised its stake in LSB Industries by 11.0% in the third quarter. Systematic Financial Management LP now owns 1,660,443 shares of the conglomerate's stock worth $13,350,000 after buying an additional 164,166 shares in the last quarter. Cerity Partners LLC raised its stake in LSB Industries by 132.2% in the third quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate's stock worth $11,000,000 after buying an additional 778,937 shares in the last quarter. State Street Corp raised its stake in LSB Industries by 0.6% in the third quarter. State Street Corp now owns 1,264,212 shares of the conglomerate's stock worth $10,164,000 after buying an additional 7,751 shares in the last quarter. Brightline Capital Management LLC raised its stake in LSB Industries by 20.3% in the third quarter. Brightline Capital Management LLC now owns 361,000 shares of the conglomerate's stock worth $2,902,000 after buying an additional 61,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in LSB Industries by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 138,084 shares of the conglomerate's stock worth $1,110,000 after buying an additional 21,801 shares in the last quarter. 73.67% of the stock is owned by institutional investors.

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LSB Industries Stock Up 1.6 %

Shares of NYSE:LXU traded up $0.12 during trading on Wednesday, reaching $7.35. 280,708 shares of the stock traded hands, compared to its average volume of 341,253. The stock has a 50-day moving average of $7.99 and a two-hundred day moving average of $8.19. LSB Industries, Inc. has a 52-week low of $6.43 and a 52-week high of $10.40. 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 stock has a market cap of $527.73 million, a P/E ratio of -34.97, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LXU. Piper Sandler raised shares of LSB Industries from an "underweight" rating to an "overweight" rating and raised their target price for the company from $9.00 to $11.00 in a research note on Monday, January 13th. StockNews.com downgraded shares of LSB Industries from a "hold" rating to a "sell" rating in a research note on Wednesday, March 12th. 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 presently has an average rating of "Moderate Buy" and an average price target of $10.75.

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.