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

First Eagle Investment Management LLC boosted its stake in LSB Industries, Inc. (NYSE:LXU - Free Report) by 8.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 998,395 shares of the conglomerate's stock after buying an additional 78,950 shares during the period. First Eagle Investment Management LLC owned 1.34% of LSB Industries worth $9,295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LXU. Arizona State Retirement System lifted its holdings in LSB Industries by 9.2% in the 3rd quarter. Arizona State Retirement System now owns 15,173 shares of the conglomerate's stock valued at $155,000 after acquiring an additional 1,274 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in LSB Industries by 11.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,240 shares of the conglomerate's stock valued at $187,000 after acquiring an additional 1,849 shares during the last quarter. Strs Ohio lifted its stake in LSB Industries by 79.3% during the fourth quarter. Strs Ohio now owns 5,200 shares of the conglomerate's stock valued at $48,000 after buying an additional 2,300 shares in the last quarter. HighTower Advisors LLC lifted its stake in LSB Industries by 1.9% during the third quarter. HighTower Advisors LLC now owns 204,851 shares of the conglomerate's stock valued at $2,096,000 after buying an additional 3,808 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in LSB Industries by 19.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 42,566 shares of the conglomerate's stock valued at $396,000 after buying an additional 6,859 shares in the last quarter. Institutional investors own 73.67% of the company's stock.

Insiders Place Their Bets

In other LSB Industries news, EVP John Burns sold 33,243 shares of LSB Industries stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $9.25, for a total transaction of $307,497.75. Following the sale, the executive vice president now owns 131,286 shares in the company, valued at $1,214,395.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.70% of the company's stock.

LSB Industries Stock Performance

LXU stock traded up $0.48 on Friday, reaching $9.70. 693,942 shares of the company were exchanged, compared to its average volume of 389,580. LSB Industries, Inc. has a 12 month low of $6.74 and a 12 month high of $11.69. The stock's fifty day moving average price is $8.34 and its 200 day moving average price is $8.34. The firm has a market capitalization of $693.94 million, a PE ratio of 40.42 and a beta of 1.10. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.64 and a quick ratio of 3.44.

LSB Industries (NYSE:LXU - Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The conglomerate reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.04. LSB Industries had a net margin of 3.20% and a return on equity of 2.70%. The firm had revenue of $138.20 million for the quarter, compared to the consensus estimate of $120.64 million. On average, research analysts anticipate that LSB Industries, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group reduced their price objective on shares of LSB Industries from $9.00 to $7.75 and set a "neutral" rating for the company in a research note on Wednesday, March 6th. Piper Sandler raised their price objective on shares of LSB Industries from $8.00 to $9.00 and gave the company an "underweight" rating in a research report on Tuesday, May 7th.

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.