First Eagle Investment Management LLC Has $9.58 Million Position in LSB Industries, Inc. (NYSE:LXU)

First Eagle Investment Management LLC boosted its position in shares of LSB Industries, Inc. (NYSE:LXU) by 9.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,090,895 shares of the conglomerate’s stock after buying an additional 92,500 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.52% of LSB Industries worth $9,578,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LXU. International Assets Investment Management LLC raised its position in shares of LSB Industries by 805.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,038,689 shares of the conglomerate’s stock valued at $9,670,000 after acquiring an additional 923,922 shares during the period. Cerity Partners LLC acquired a new stake in shares of LSB Industries during the fourth quarter worth about $5,461,000. Gendell Jeffrey L lifted its holdings in shares of LSB Industries by 32.1% during the 4th quarter. Gendell Jeffrey L now owns 1,993,357 shares of the conglomerate’s stock valued at $18,558,000 after purchasing an additional 484,535 shares in the last quarter. Strs Ohio grew its position in shares of LSB Industries by 79.3% in the 4th quarter. Strs Ohio now owns 5,200 shares of the conglomerate’s stock valued at $48,000 after purchasing an additional 2,300 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in LSB Industries by 29.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 51,491 shares of the conglomerate’s stock worth $479,000 after purchasing an additional 11,643 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LXU. Piper Sandler upped their price target on shares of LSB Industries from $8.00 to $9.00 and gave the company an “underweight” rating in a report on Tuesday, May 7th. UBS Group cut their price objective on shares of LSB Industries from $9.25 to $8.75 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on LSB Industries from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.58.

LSB Industries Stock Down 2.4 %

Shares of NYSE LXU traded down $0.20 during midday trading on Friday, reaching $8.21. The company’s stock had a trading volume of 115,353 shares, compared to its average volume of 418,814. The stock has a 50 day simple moving average of $8.73 and a 200-day simple moving average of $8.30. The company has a current ratio of 3.64, a quick ratio of 3.44 and a debt-to-equity ratio of 1.05. LSB Industries, Inc. has a fifty-two week low of $6.74 and a fifty-two week high of $11.69. The stock has a market capitalization of $587.34 million, a price-to-earnings ratio of 34.33, a PEG ratio of 1.91 and a beta of 0.86.

LSB Industries (NYSE:LXU) last released its quarterly earnings data on Monday, April 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. LSB Industries had a return on equity of 2.70% and a net margin of 3.20%. The company had revenue of $138.20 million during the quarter, compared to analysts’ expectations of $120.64 million. Equities research analysts predict that LSB Industries, Inc. will post 0.28 earnings per share for the current year.

Insider Transactions at LSB Industries

In related news, EVP John Burns sold 33,243 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $9.25, for a total value of $307,497.75. Following the transaction, the executive vice president now owns 131,286 shares in the company, valued at approximately $1,214,395.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 4.70% of the stock is currently owned by corporate 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.