LSB Industries, Inc. (NYSE:LXU) Shares Acquired by Royce & Associates LP

Royce & Associates LP lifted its position in shares of LSB Industries, Inc. (NYSE:LXU - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,067 shares of the conglomerate's stock after acquiring an additional 48,641 shares during the quarter. Royce & Associates LP owned 0.32% of LSB Industries worth $1,754,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. lifted its stake in shares of LSB Industries by 112.6% in the third quarter. Pekin Hardy Strauss Inc. now owns 128,370 shares of the conglomerate's stock valued at $1,032,000 after purchasing an additional 68,000 shares during the period. Barclays PLC increased its stake in LSB Industries by 224.9% in the 3rd quarter. Barclays PLC now owns 89,273 shares of the conglomerate's stock valued at $718,000 after purchasing an additional 61,793 shares in the last quarter. Stifel Financial Corp acquired a new position in LSB Industries during the third quarter worth $257,000. The Manufacturers Life Insurance Company boosted its position in LSB Industries by 14.3% during the third quarter. The Manufacturers Life Insurance Company now owns 85,931 shares of the conglomerate's stock worth $691,000 after purchasing an additional 10,762 shares in the last quarter. Finally, Ausbil Investment Management Ltd purchased a new position in shares of LSB Industries in the fourth quarter valued at $313,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

LSB Industries Price Performance

LXU stock traded down $0.08 during trading on Monday, hitting $6.90. The stock had a trading volume of 322,773 shares, compared to its average volume of 340,301. LSB Industries, Inc. has a 1-year low of $6.43 and a 1-year high of $10.40. The stock has a market cap of $495.40 million, a price-to-earnings ratio of -32.83, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69. The company's 50 day moving average price is $7.93 and its two-hundred day moving average price is $8.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of LSB Industries from a "hold" rating to a "sell" rating in a research report on Wednesday, March 12th. Piper Sandler upgraded shares of LSB Industries from an "underweight" rating to an "overweight" rating and increased their price target for the company from $9.00 to $11.00 in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.75.

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.