12,799 Shares in LSB Industries, Inc. (NYSE:LXU) Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new stake in shares of LSB Industries, Inc. (NYSE:LXU) during the third quarter, HoldingsChannel reports. The institutional investor bought 12,799 shares of the conglomerate’s stock, valued at approximately $103,000.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of LSB Industries by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,364,562 shares of the conglomerate’s stock worth $19,342,000 after purchasing an additional 37,419 shares during the period. Renaissance Technologies LLC grew its position in shares of LSB Industries by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,816,865 shares of the conglomerate’s stock worth $14,862,000 after buying an additional 25,713 shares during the period. First Eagle Investment Management LLC increased its stake in shares of LSB Industries by 34.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,463,395 shares of the conglomerate’s stock valued at $11,971,000 after acquiring an additional 372,500 shares during the last quarter. Cerity Partners LLC raised its position in shares of LSB Industries by 132.2% in the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock valued at $11,000,000 after acquiring an additional 778,937 shares during the period. Finally, American Century Companies Inc. boosted its stake in LSB Industries by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock worth $10,740,000 after acquiring an additional 135,087 shares during the last quarter. Institutional investors own 73.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on LXU. UBS Group raised shares of LSB Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $9.50 to $11.00 in a research note on Thursday, October 10th. Royal Bank of Canada restated an “outperform” rating and issued a $10.00 price objective on shares of LSB Industries in a research report on Monday, November 4th. Finally, Piper Sandler lifted their target price on LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th.

LSB Industries Trading Up 2.0 %

Shares of NYSE:LXU opened at $8.83 on Monday. The firm has a market cap of $632.40 million, a price-to-earnings ratio of -42.05, a PEG ratio of 20.58 and a beta of 0.84. LSB Industries, Inc. has a 12 month low of $6.74 and a 12 month high of $10.40. The company’s fifty day simple moving average is $8.62 and its 200 day simple moving average is $8.42. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95.

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.