LSB Industries, Inc. (NYSE:LXU) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in LSB Industries, Inc. (NYSE:LXU - Free Report) by 691.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 904,516 shares of the conglomerate's stock after purchasing an additional 790,194 shares during the period. International Assets Investment Management LLC owned approximately 1.26% of LSB Industries worth $7,272,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Private Advisor Group LLC lifted its position in LSB Industries by 14.1% in the third quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate's stock worth $102,000 after buying an additional 1,563 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of LSB Industries by 34.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 129,426 shares of the conglomerate's stock worth $1,041,000 after acquiring an additional 33,388 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of LSB Industries during the 3rd quarter worth about $151,000. Truist Financial Corp bought a new position in LSB Industries during the 2nd quarter valued at about $343,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in LSB Industries in the 2nd quarter worth about $118,000. Hedge funds and other institutional investors own 73.67% of the company's stock.

LSB Industries Stock Up 0.4 %

NYSE:LXU traded up $0.03 during mid-day trading on Friday, reaching $8.23. The company's stock had a trading volume of 203,695 shares, compared to its average volume of 395,670. The company has a quick ratio of 3.19, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. LSB Industries, Inc. has a 1 year low of $6.74 and a 1 year high of $10.40. The stock has a fifty day moving average of $8.16 and a 200-day moving average of $8.39. The firm has a market capitalization of $589.43 million, a PE ratio of -39.09, a price-to-earnings-growth ratio of 1.53 and a beta of 0.82.

LSB Industries (NYSE:LXU - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $140.07 million during the quarter, compared to analysts' expectations of $147.09 million. LSB Industries had a negative net margin of 2.99% and a positive return on equity of 0.98%. Equities research analysts forecast that LSB Industries, Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Piper Sandler boosted their target price on shares of LSB Industries from $8.80 to $9.00 and gave the company an "underweight" rating in a research note on Thursday, August 8th. Royal Bank of Canada reissued an "outperform" rating and issued a $10.00 price objective on shares of LSB Industries in a research report on Monday, August 12th. Finally, UBS Group raised shares of LSB Industries from a "neutral" rating to a "buy" rating and raised their target price for the stock from $9.50 to $11.00 in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $10.25.

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.