Royce & Associates LP Purchases 48,641 Shares of LSB Industries, Inc. (NYSE:LXU)

Royce & Associates LP grew its holdings in LSB Industries, Inc. (NYSE:LXU - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,067 shares of the conglomerate's stock after purchasing an additional 48,641 shares during the period. Royce & Associates LP owned about 0.32% of LSB Industries worth $1,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. FNY Investment Advisers LLC purchased a new position in LSB Industries in the 4th quarter worth about $54,000. New York State Common Retirement Fund increased its position in shares of LSB Industries by 48.6% during the fourth quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate's stock worth $63,000 after acquiring an additional 2,700 shares during the period. Intech Investment Management LLC bought a new stake in shares of LSB Industries during the third quarter valued at approximately $93,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of LSB Industries in the third quarter valued at approximately $93,000. Finally, Capstone Investment Advisors LLC bought a new position in LSB Industries in the third quarter worth approximately $103,000. 73.67% of the stock is currently owned by institutional investors.

LSB Industries Stock Down 1.7 %

NYSE LXU traded down $0.12 during midday trading on Tuesday, hitting $6.78. 377,174 shares of the company traded hands, compared to its average volume of 340,258. The company has a market cap of $487.14 million, a PE ratio of -32.28, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69. 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, Inc. has a 52 week low of $6.43 and a 52 week high of $10.40. The company's 50-day simple moving average is $7.93 and its 200-day simple moving average is $8.18.

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Analyst Ratings Changes

A number of equities research analysts have weighed in on LXU shares. Piper Sandler raised LSB Industries from an "underweight" rating to an "overweight" rating and lifted their target price for the company from $9.00 to $11.00 in a research report on Monday, January 13th. StockNews.com lowered 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 company. Based on data from MarketBeat, LSB Industries has an average rating of "Moderate Buy" and an average target price of $10.75.

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.