Vanguard Group Inc. Boosts Stake in LSB Industries, Inc. (NYSE:LXU)

Vanguard Group Inc. increased its stake in shares of LSB Industries, Inc. (NYSE:LXU - Free Report) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,477,262 shares of the conglomerate's stock after purchasing an additional 238,294 shares during the period. Vanguard Group Inc. owned approximately 4.68% of LSB Industries worth $35,572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in LSB Industries by 925.0% in the first quarter. JPMorgan Chase & Co. now owns 98,189 shares of the conglomerate's stock valued at $2,145,000 after purchasing an additional 88,610 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of LSB Industries by 49.6% in the 1st quarter. Bank of New York Mellon Corp now owns 104,718 shares of the conglomerate's stock valued at $2,287,000 after buying an additional 34,711 shares in the last quarter. American Century Companies Inc. raised its stake in LSB Industries by 192.7% during the 1st quarter. American Century Companies Inc. now owns 85,786 shares of the conglomerate's stock worth $1,874,000 after buying an additional 56,476 shares during the period. Citigroup Inc. lifted its holdings in LSB Industries by 79.7% during the first quarter. Citigroup Inc. now owns 85,428 shares of the conglomerate's stock worth $1,866,000 after acquiring an additional 37,900 shares in the last quarter. Finally, BlackRock Inc. grew its stake in LSB Industries by 6.8% in the first quarter. BlackRock Inc. now owns 740,877 shares of the conglomerate's stock valued at $16,181,000 after acquiring an additional 46,867 shares during the period. Institutional investors own 73.67% of the company's stock.

Analyst Ratings Changes

LXU has been the subject of a number of research reports. UBS Group lowered their target price on LSB Industries from $9.00 to $7.75 and set a "neutral" rating for the company in a report on Wednesday, March 6th. Piper Sandler cut shares of LSB Industries from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $11.50 to $8.00 in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $11.96.

LSB Industries Stock Down 2.4 %

NYSE LXU traded down $0.20 during trading hours on Thursday, hitting $8.28. 354,974 shares of the company traded hands, compared to its average volume of 486,443. The stock has a market capitalization of $604.44 million, a price-to-earnings ratio of 22.38 and a beta of 1.10. LSB Industries, Inc. has a twelve month low of $6.74 and a twelve month high of $11.69. The business's 50-day moving average is $7.88 and its 200-day moving average is $8.58. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.45 and a current ratio of 3.68.

LSB Industries (NYSE:LXU - Get Free Report) last announced its earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.13). The firm had revenue of $132.61 million for the quarter, compared to the consensus estimate of $127.62 million. LSB Industries had a return on equity of 4.91% and a net margin of 4.70%. Sell-side analysts anticipate that LSB Industries, Inc. will post 0.38 earnings per share for the current year.

Insider Activity

In other news, EVP John Burns sold 33,243 shares of the company's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $8.25, for a total transaction of $274,254.75. Following the completion of the sale, the executive vice president now directly owns 164,529 shares in the company, valued at approximately $1,357,364.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.60% of the stock is owned by company insiders.

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.